Edexcel IGCSEAccountingGeneral Applications3 Marks
Banu owns a business selling household appliances. She provided the following information for her business for the year ended 31 March 2020. | Item | 31 March 2019 (\$) | 31 March 2020 (\$) | |:---|:---|:---| | Non-current assets | 150 000 | 180 000 | | Inventory | 20 000 | 25 000 | | Trade receivables | 18 000 | 22 000 | | Trade payables | 15 000 | 19 000 | | Cash | 5 000 | 3 000 | | Bank | 2 000 (overdraft) | 4 000 (overdraft) | | Loan (repayable 2023) | 30 000 | 30 000 | Additional information During the year Banu introduced additional capital of \$10 000. (c) Calculate the profit for the year ended 31 March 2020.
📋 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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