A-LevelAccountingAccruals and PrepaymentsFeb/Mar 2020Paper 1 Q101 Mark
On 1 May 2018 Trevor had a debit balance of $3000 on his rent receivable account. Rent received during the year was as follows. 28 May 2018 18000 30 November 2018 16000 On 30 April 2019, $4000 was owing to Trevor for rent for the period ended 30 April 2019. Which entry should be made in the income statement for rent receivable for the year ended 30 April 2019?
A$33000
B$35000
C$38000
D$41000
✓ Correct Answer
The correct answer is B. This question tests the candidate's understanding of accruals and prepayments 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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