Edexcel IGCSEAccountingGeneral Applications10 Marks
Lee started a business on 1 January 2020. He provided the following information for the month of January. **January 1** Started business with \$50 000 cash. **January 2** Purchased goods on credit from Mia for \$3 000. **January 5** Sold goods for cash \$2 500. **January 8** Paid rent by cash \$800. **January 12** Sold goods on credit to Noah for \$4 000. **January 15** Paid Mia by cash \$2 000. **January 18** Received cash from Noah \$1 500. **January 22** Purchased furniture on credit from XYZ Ltd for \$1 200. **January 25** Paid wages by cash \$1 000. **January 28** Owner withdrew \$500 cash for personal use. Prepare the following ledger accounts for the month of January. (i) Cash account (ii) Mia account (iii) Noah account
📋 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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