O-LevelAccountingAccounting proceduresOct/Nov 2021Paper 1 Q151 Mark

At the end of the financial year Mui had prepaid rent of $1500. How should she record this?

Q: What topic does this question test?

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

Acredit $1500 in the rent account and carry down as a credit balance

Bcredit $1500 in the rent account and carry down as a debit balance

Cdebit $1500 in the rent account and carry down as a credit balance

Ddebit $1500 in the rent account and carry down as a debit balance

✓ Correct Answer

The correct answer is B: credit $1500 in the rent account and carry down as a debit balance

📋 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 2021 examination, Paper 1 Variant 2.

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