A-LevelAccountingPreparation of Financial Statements (Companies)Oct/Nov 2021Paper 1 Q181 Mark
The table shows equity and liabilities of a company at 31 December 2020. $Ordinary share capital: 750 000 6% Debentures (2030): 150000 Bank loan (repayable 2024): 75000 Bank overdraft: 110000 Mortgage on buildings (repayable 2021): 120 000 What is the total of non-current liabilities in the statement of financial position at 31 December 2020?
A$195000
B$225000
C$270000
D$345000
✓ Correct Answer
The correct answer is B: $225000
📋 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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