A-LevelAccountingNon-current AssetsFeb/Mar 2020Paper 1 Q31 Mark
The following information is available. freehold premises at cost 125000 provision for depreciation of freehold premises 50000 The premises were revalued at $180000. Which entries are required to record the revaluation?
Acredit $105000 debit $55000 none debit $50000
Bdebit $55000 debit $75000 debit $50000 credit $180 000
Cdebit $75000 debit $55000 debit $50000 credit $180 000
Dnone debit $55000 debit $50 000 credit $105000
✓ Correct Answer
The correct answer is D. This question tests the candidate's understanding of non-current assets 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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