O-LevelAccountingAccounting proceduresOct/Nov 2017Paper 1 Q241 Mark
Karim did not keep proper accounting records, but was able to provide the following information. capital at 1 January $58000 drawings during the year $8500 capital introduced in the year $15000 capital at 31 December $82500 What was the profit for the year?
A$16000
B$18000
C$33000
D$48.000
✓ Correct Answer
The correct answer is B. This question tests the candidate's understanding of accounting procedures 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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