O-LevelAccountingAnalysis and interpretationOct/Nov 2021Paper 1 Q311 Mark
A business provided the following information about its gross margin. Year 1 40% Year 2 38% Year 3 35% What could explain the changes in the gross margin?
ACost of sales is decreasing.
BExpenses are decreasing.
CQuantity of goods sold is decreasing.
DSelling price is decreasing.
✓ Correct Answer
The correct answer is D. This question tests the candidate's understanding of analysis and interpretation within the Accountingsyllabus. The examiner's mark scheme requires...
📋 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...
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