O-LevelAccountingVerification of accounting recordsOct/Nov 2018Paper 2 Q120 Marks
An inexperienced book-keeper prepared the following trial balance for Alia's business on 31 August 2018. The trial balance did not balance. Trial Balance at 31 August 2018 | | Debit ($) | Credit ($) | | :-------------------------- | --------: | ---------: | | Revenue | | 19600 | | Purchases | 9800 | | | Inventory at 31 August 2018 | 730 | | | Rent receivable | 400 | | | Rent payable | 800 | | | General expenses | 230 | | | Non-current assets (at cost)| 18750 | | | Provision for depreciation | | 3970 | | Bank overdraft | 30 | | | Motor vehicle expenses | 650 | | | Trade receivables | 2990 | | | Trade payables | | 1090 | | Capital | | 9000 | | | 33730 | 34310 | Additional information Inventory at 1 August 2018 was $870. REQUIRED
📋 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.
🔒
Unlock the Examiner's Analysis
Sign up for free to reveal the full examiner report, trap analysis, and mark scheme breakdown for this question.
Sign Up Free to Unlock →Join thousands of Cambridge students already using Oracle Prep