The table shows information for a business at 31 March 2019. $ inventory 16 100 trade payables 5200 other payables 2000 The information excludes the purchase of $3700 of goods. These goods were delivered on 31 March 2019, but the invoice states that legal title to the goods does not pass until payment is received. Which values should appear in the statement of financial position on 31 March 2019?
✓ Correct Answer
The correct answer is D: inventory: $19800, trade payables: $8900, other payables: $2000
📋 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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