O-LevelAccountingAccounting proceduresOct/Nov 2020Paper 1 Q151 Mark

Hayley's financial year ends on 30 September 2020. She provided the following information. $ on 1 October 2019 rent receivable accrued 480 during the year ended 30 September 2020 rent received 6800 On 30 September 2020 rent received in advance 720 Which journal entry would be made on 30 September 2020?

Q: What topic does this question test?

This question tests Accounting procedures in O-Level Accounting (syllabus code 7707). It is worth 1 mark.

Adebit income statement $5600, credit rent receivable $5600

Bdebit income statement $6560, credit rent receivable $6560

Cdebit rent receivable $5600, credit income statement $5600

Ddebit rent receivable $6560, credit income statement $6560

✓ Correct Answer

The correct answer is C: debit rent receivable $5600, credit income statement $5600

📋 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 Accounting procedures in O-Level Accounting (syllabus code 7707). It is worth 1 mark.

Source

This question appeared in the Cambridge O-Level Accounting Oct/Nov 2020 examination, Paper 1 Variant 3.

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