Edexcel IGCSEAccountingGeneral Applications6 Marks
Aisha started a business on 1 January 2018. She provided the following information. **Financial year ended 31 December 2018** * Motor vehicles were purchased for \$40 000. * Furniture and fittings were purchased for \$10 000. **Financial year ended 31 December 2019** * Additional furniture and fittings were purchased for \$8 000 on 1 July 2019. * Motor vehicles were depreciated at 25% per annum using the straight-line method. * Furniture and fittings were depreciated at 10% per annum using the reducing balance method. (a) Prepare the Motor Vehicles Provision for Depreciation account for the years ended 31 December 2018 and 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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