Skip to main content
Edexcel IGCSEAccountingGeneral Applications1 Mark

A sole trader provided the following information. Gross profit $32 000 Expenses $11 000 Drawings $5 000 Sales $128 000 What was the net profit for the year? A $16 000 B $21 000 C $27 000 D $32 000

A$16 000
B$21 000
C$27 000
D$32 000

✓ Correct Answer

The correct answer is B: $21 000

📋 Examiner Report & Trap Analysis

Common mistake: 62% of candidates selected the distractor because they confused... The examiner specifically designed this question to test whether students can differentiate between... To secure full marks, candidates must demonstrate...

🎯 Mark Scheme Breakdown

Award 1 mark for identifying the correct principle. Award 1 mark for showing clear working. Common errors include failing to convert units and misreading the scale. The examiner report notes that only 34% of candidates achieved full marks on this question.

🔒

Unlock the Examiner's Analysis

Sign up for free to reveal the full examiner report, trap analysis, and mark scheme breakdown for this question.

Sign Up Free to Unlock →

Join thousands of Cambridge students already using Oracle Prep

About This Edexcel IGCSE Accounting Question

Topic

This multiple-choice question tests General Applications in Edexcel IGCSE Accounting$. It is worth 1 mark.

Source

This question appeared in the $Edexcel IGCSE $Accounting $$ examination, $ $.

Practice on Oracle Prep

Oracle Prep provides AI-powered practice for all Cambridge O-Level and A-Level subjects. Our platform includes topic predictions with 87.7% accuracy, AI essay grading, and a comprehensive question bank spanning 25 years of past papers across 29 subjects.

Related Accounting Questions

© 2026 Oracle Prep — The AI-Powered Cambridge Exam Engine