O-LevelAccountingPreparation of financial statementsOct/Nov 2017Paper 1 Q171 Mark
Anita's business has two departments, X and Y. She provided the following information for department X. Expenses $28000 Profit for the year $9000 Total revenue for the year was $180000 of which one-third related to department X. What was the gross profit of department X?
A$19000
B$32000
C$37000
D$51000
✓ Correct Answer
The correct answer is C. This question tests the candidate's understanding of preparation of financial statements 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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