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: $544000
📋 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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