O-LevelAccountingPreparation of financial statements7707/11 · May/June 2024 · Q311 Mark

What is needed for the preparation of a statement of affairs?

Atrial balance

Ban income statement

Cbooks of prime entry

Dvalues of assets and liabilities

✓ Correct answer

D: values of assets and liabilities

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Topic: Preparation of financial statements, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, May/June 2024 Paper 1 Variant 1, question 31.

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