A-LevelAccountingFinancial StatementsOct/Nov 2017Paper 1 Q121 Mark

The following information is available for the year ended 31 December 2016. [Table: revenue $75000, purchases $32000, carriage inwards $5400, carriage outwards $4500, inventory at 1 January 2016 $6300, inventory at 31 December 2016 $7600] What was the gross profit for the year ended 31 December 2016?

Q: What is the correct answer to this A-Level Accounting question?

The correct answer is C: $38 900.

Q: What topic does this question test?

This question tests Financial Statements in A-Level Accounting (syllabus code 9706). It is worth 1 mark.

A$36 300

B$37 200

C$38 900

D$39800

✓ Correct Answer

The correct answer is C: $38 900

📋 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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About This A-Level Accounting Question

Topic

This multiple-choice question tests Financial Statements in A-Level Accounting (syllabus code 9706). It is worth 1 mark.

Source

This question appeared in the Cambridge A-Level Accounting Oct/Nov 2017 examination, Paper 1 Variant 2.

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