A-LevelAccountingCompany AccountsOct/Nov 2020Paper 1 Q171 Mark
Information relating to W Limited for the year ended 31 December 2019 was as follows: $ retained earnings at 1 January 2019 22000 profit from operations 83 000 dividend paid 20000 dividend proposed 15000 bank loan interest 16000 What was the amount of retained earnings at 31 December 2019?
A$32000
B$47000
C$54 000
D$69 000
✓ Correct Answer
The correct answer is D. This question tests the candidate's understanding of company accounts within the Accountingsyllabus. The examiner's mark scheme requires...
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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...
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