Choose a description from COLUMN B that matches the term in COLUMN A - NSC Accounting - Question 1 - 2023 - Paper 1
Question 1
Choose a description from COLUMN B that matches the term in COLUMN A.
Write only the letter (A–E) next to the question numbers (1.1.1 to 1.1.4) in the ANSWER BOOK.
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Worked Solution & Example Answer:Choose a description from COLUMN B that matches the term in COLUMN A - NSC Accounting - Question 1 - 2023 - Paper 1
Step 1
1.1.1 Independent auditor
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Answer
E - expresses an unbiased opinion on the reliability of financial statements
Step 2
1.1.2 Capital employed
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Answer
D - total of Ordinary Shareholders' Equity and Non-current Liabilities
Step 3
1.1.3 Current liability
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Answer
B - debt to be settled within 12 months
Step 4
1.1.4 Financial asset
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Answer
A - investment such as a fixed deposit over a three-year period
