O-LevelAccountingThe fundamentals of accountingOct/Nov 2018Paper 1 Q221 Mark
Tariq provided the following information. 31 August 2017 $ 31 August 2018 $ non-current assets 60000 70000 current assets 20000 25000 current liabilities 15000 19000 Tariq's drawings for the year ended 31 August 2018 were $5000. What was the profit for the year ended 31 August 2018?
A$6000
B$11000
C$14000
D$16000
✓ Correct Answer
The correct answer is A. 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...
🔒
Unlock the Examiner's Answer
Sign up for free to reveal the correct answer, the official mark scheme breakdown, and the examiner trap analysis for this question.
Sign Up Free to Unlock →Join thousands of Cambridge students already using Oracle Prep