O-LevelAccountingThe fundamentals of accountingOct/Nov 2019Paper 1 Q31 Mark
Which transaction will increase both assets and capital by the same amount?
Acredit customer settled his account after deducting a cash discount.
BGoods were sold at a price higher than their cost price.
CRent received included an amount prepaid for the next accounting period.
DThe owner repaid a business loan from his personal bank account.
✓ Correct Answer
The correct answer is B. 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