O-LevelAccountingAccounting proceduresOct/Nov 2017Paper 1 Q211 Mark

Abi and Erni are in partnership. They share profits and losses equally. Erni is entitled to an annual partnership salary of $3000. The profit for the year ended 31 August 2017 was $12600. On 1 September 2016 the partners' current account balances were as follows. $ Abi 2500 credit Erni 1400 debit What was the credit balance on Erni's current account on 1 September 2017?

Q: What is the correct answer to this O-Level Accounting question?

The correct answer is C: $6400.

Q: What topic does this question test?

This question tests Accounting procedures in O-Level Accounting (syllabus code 7707). It is worth 1 mark.

A$400

B$3200

C$6400

D$9200

✓ Correct Answer

The correct answer is C: $6400

📋 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 O-Level Accounting Question

Topic

This multiple-choice question tests Accounting procedures in O-Level Accounting (syllabus code 7707). It is worth 1 mark.

Source

This question appeared in the Cambridge O-Level Accounting Oct/Nov 2017 examination, Paper 1 Variant 1.

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