O-LevelAccountingAccounting principles and policiesOct/Nov 2019Paper 1 Q141 Mark
Would the following be classified as a capital receipt or a revenue receipt? the proceeds received from the sale of the delivery van the profit made on the sale of the delivery van the proceeds of sale of the owner's private car paid into the business bank account
Acapital
revenue
revenue
Bcapital
revenue
capital
Crevenue
capital
revenue
Drevenue
capital
capital
✓ Correct Answer
The correct answer is B. This question tests the candidate's understanding of accounting principles and policies 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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