O-LevelAccountingThe fundamentals of accountingOct/Nov 2019Paper 1 Q21 Mark
Why does the owner of a business calculate profit?
Ato find the return on capital
Bto find the total expenses
Cto know how much he can borrow from the bank
Dto know the loan interest he can afford to pay
✓ 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...
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