O-LevelAccountingPreparation of financial statementsOct/Nov 2019Paper 1 Q241 Mark
A sports club provided the following information. $ subscriptions received during the year 12000 subscriptions owing at the start of the year 1200 subscriptions owing at the end of the year 800 What was the amount of subscriptions shown in the income and expenditure account?
A$11600
B$12400
C$12800
D$13200
✓ Correct Answer
The correct answer is A. This question tests the candidate's understanding of preparation of financial statements within the Accountingsyllabus. The examiner's mark scheme requires...
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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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