A-LevelAccountingControl AccountsOct/Nov 2023Paper 1 Q121 Mark
The following information is available. balance of trade receivables at the start of the year $48 000 balance of trade receivables at the end of the year $65 300 trade discount given to credit customers $3000 cash discount taken by credit customers $4500 irrecoverable debt written off during the year $6200 increase in allowance for irrecoverable debts for the year $2700 cash received from credit customers during the year $516000 What is the total value of credit sales for the year?
A$541000
B$544000
C$546 700
D$547000
✓ Correct Answer
The correct answer is B. This question tests the candidate's understanding of control accounts 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...
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