O-LevelAccountingPreparation of financial statementsOct/Nov 2019Paper 1 Q221 Mark
The following balances were extracted from Sabeena's books on 31 December. $ non-current assets 65000 current assets 13000 current liabilities 9000 non-current liabilities 7000 What was the capital employed?
A$62000
B$68000
C$69000
D$76000
✓ Correct Answer
The correct answer is C. This question tests the candidate's understanding of preparation of financial statements 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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