O-LevelAccountingAnalysis and interpretationOct/Nov 2019Paper 2 Q420 Marks
Rani is in business buying and selling goods on credit. She provided the following information. At 1 October 2017 $ Capital 75000 Bank loan (repayable 2023) 40000 For the year ended 30 September 2018 Expenses 65000 Profit for the year 15000 Mark-up 25% Rani did not make any drawings during the year. REQUIRED Rani is concerned about the level of her profitability. She decided to increase the mark-up to 50% on her goods for the year ended 30 September 2019. The following information is available for the year ended 30 September 2019. $ Purchases 212000 Expenses 60000 Inventory at 1 October 2018 36000 Inventory at 30 September 2019 28000
📋 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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