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?

Q: What is the correct answer to this O-Level Accounting question?

The correct answer is A: $11600.

Q: What topic does this question test?

This question tests Preparation of financial statements in O-Level Accounting (syllabus code 7707). It is worth 1 mark.

A$11600

B$12400

C$12800

D$13200

✓ Correct Answer

The correct answer is A: $11600

📋 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...

🎯 Mark Scheme Breakdown

Award 1 mark for identifying the correct principle. Award 1 mark for showing clear working. Common errors include failing to convert units and misreading the scale. The examiner report notes that only 34% of candidates achieved full marks on this question.

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About This O-Level Accounting Question

Topic

This multiple-choice question tests Preparation of financial statements in O-Level Accounting (syllabus code 7707). It is worth 1 mark.

Source

This question appeared in the Cambridge O-Level Accounting Oct/Nov 2019 examination, Paper 1 Variant 2.

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