O-LevelAccountingThe fundamentals of accountingOct/Nov 2017Paper 1 Q211 Mark
What is the disadvantage to a sole trader of bringing in a partner?
AThe business will benefit from the knowledge of the new partner.
BThe new partner may bring additional capital into the business.
CThe profits made by the business will have to be shared with the new partner.
DThe responsibility for running the business may be shared with the new partner.
✓ Correct Answer
The correct answer is C. This question tests the candidate's understanding of the fundamentals of 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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