A-LevelAccountingIntroduction to AccountingOct/Nov 2025Paper 1 Q31 Mark
A trader sells goods for $6600 to a customer on 31 March 2025, the last day of his financial year. He does not produce an invoice until three days later. He is advised that the sales of $6600 should be entered in the financial statements for the year ended 31 March 2025. Which accounting concepts are being applied? 1 consistency 2 prudence 3 realisation
A1 and 2
B2 and 3
C2 only
D3 only
✓ Correct Answer
The correct answer is D. This question tests the candidate's understanding of introduction to 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...
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