A-LevelAccountingCompany AccountsOct/Nov 2024Paper 1 Q181 Mark

A company issued shares at a premium. In which financial statements would the share premium appear?

Q: What topic does this question test?

This question tests Company Accounts in A-Level Accounting (syllabus code 9706). It is worth 1 mark.

Astatement of changes in equity and statement of financial position

Bstatement of financial position only

Cstatement of profit or loss and statement of financial position

Dstatement of profit or loss only

✓ Correct Answer

The correct answer is A: statement of changes in equity and statement of financial position

📋 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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About This A-Level Accounting Question

Topic

This multiple-choice question tests Company Accounts in A-Level Accounting (syllabus code 9706). It is worth 1 mark.

Source

This question appeared in the Cambridge A-Level Accounting Oct/Nov 2024 examination, Paper 1 Variant 2.

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