Edexcel IGCSEAccountingGeneral Applications2 Marks
Raja maintains her books of account using the accruals concept. On 1 May 2019, she paid an annual insurance premium of \$2 400 for the period 1 May 2019 to 30 April 2020. Her financial year ends on 31 December each year. (b) Calculate the amount for insurance prepaid to be shown in the statement of financial position as at 31 December 2019.
📋 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.
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