O-LevelAccountingSources and recording of dataOct/Nov 2018Paper 1 Q181 Mark

The following entries appeared in a trader's ledger. Dr. drawings account Cr. $ $ purchases 200 Dr. purchases account Cr. $ $ drawings 200 Which transaction has taken place?

Q: What topic does this question test?

This question tests Sources and recording of data in O-Level Accounting (syllabus code 7707). It is worth 1 mark.

AGoods purchased for resale have been paid for from the owner's private bank account.

BThe owner has purchased goods for cash from the business.

CThe owner has taken goods for his own use which the business had purchased for resale.

DThe owner has taken cash out of the business for his own use.

✓ Correct Answer

The correct answer is A: Goods purchased for resale have been paid for from the owner's private bank account.

📋 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 Sources and recording of data in O-Level Accounting (syllabus code 7707). It is worth 1 mark.

Source

This question appeared in the Cambridge O-Level Accounting Oct/Nov 2018 examination, Paper 1 Variant 1.

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