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MULTIPLE CHOICE [20 MARKS] Answer ALL questions. QUESTION ONE REQUIRED For each of the questions below write down only the letter of the most appropriate

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MULTIPLE CHOICE [20 MARKS] Answer ALL questions. QUESTION ONE REQUIRED For each of the questions below write down only the letter of the most appropriate ane eg. 1.11 C. Note: Calculations must not be shown in your answer book. are items that may be included as part of Trade and other receivables in the balance sheet Trade debtors; Accrued expenses; Income received in advance Trade creditors; Accrued expenses; Income received in advance Trade debtors; Income received in advance; Prepaid expenses Trade debtors; Accrued income; Prepaid expenses D 12 of an enterprise is reflected in the measurement of its assets. liabilities and A The equity financial position financial result accounting cycle cash flow account is not an example of an income account. Bad debts recovered Loan Discount received Interest on fixed deposit D 14 Which one of the following d e Source document Cash Receipts Journal Sales Journal Cash Payments Journal Purchases Returns Journal the correct source document to the kind of transaction? Kind of transaction Cash received from debtors Credit sale of goods Bad debts Return of goods to creditors

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