A-LevelAccountingFundamentals of AccountingOct/Nov 2023Paper 1 Q21 Mark
Which statements describe advantages of maintaining full accounting records? 1 A more complete assessment of business performance is possible. 2 Book-keeping costs are minimised. 3 Business managers can make more informed decisions. 4 Financial statements will be free from errors and inaccuracies.
A1 and 3
B1 and 4
C2 and 3
D2 and 4
✓ Correct Answer
The correct answer is A. This question tests the candidate's understanding of fundamentals of accounting within the Accountingsyllabus. The examiner's mark scheme requires...
📋 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...
🔒
Unlock the Examiner's Answer
Sign up for free to reveal the correct answer, the official mark scheme breakdown, and the examiner trap analysis for this question.
Sign Up Free to Unlock →Join thousands of Cambridge students already using Oracle Prep