A Level Accounting (9706)•9706/13/O/N/21
Explanation
Insufficient data to determine telephone expense
Steps:
- Review the question for any provided financial data or table on expenses.
- Identify that no specific figures, invoices, or records for telephone costs in 2020 are given.
- Check choices, but without source data, calculation is impossible.
- Conclude that the query lacks necessary information for solving.
Why the correct option is correct:
- No option is correct due to absence of data; per accounting principles, expenses require documented evidence like ledgers or bills.
Why the others are wrong:
- A: Arbitrary without supporting 2020 records.
- B: Arbitrary without supporting 2020 records.
- C: Arbitrary without supporting 2020 records.
- D: Arbitrary without supporting 2020 records.
Final answer: Not enough information.
Topic: Preparation of financial statements
Practice more A Level Accounting (9706) questions on mMCQ.me