A-LevelAccountingAccruals and PrepaymentsOct/Nov 2020Paper 1 Q91 Mark

Rent is paid by a business monthly in advance on the first day of each month. The payments during a financial year were as follows. up to and including 1 June $500 per month from 1 July $600 per month Which amounts will appear in the financial statements for the year ended 31 October?

Q: What topic does this question test?

This question tests Accruals and Prepayments in A-Level Accounting (syllabus code 9706). It is worth 1 mark.

Aincome statement $6300, statement of financial position $600 other receivables

Bincome statement $6300, statement of financial position $600 other payables

Cincome statement $6400, statement of financial position –

Dincome statement $6500, statement of financial position –

✓ Correct Answer

The correct answer is C: income statement $6400, statement of financial position –

📋 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 Accruals and Prepayments in A-Level Accounting (syllabus code 9706). It is worth 1 mark.

Source

This question appeared in the Cambridge A-Level Accounting Oct/Nov 2020 examination, Paper 1 Variant 2.

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