O-LevelAccountingThe fundamentals of accountingOct/Nov 2017Paper 1 Q211 Mark

What is the disadvantage to a sole trader of bringing in a partner?

Q: What topic does this question test?

This question tests The fundamentals of accounting in O-Level Accounting (syllabus code 7707). It is worth 1 mark.

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: The profits made by the business will have to be shared with the new partner.

📋 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 The fundamentals of accounting 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 2.

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