O-LevelAccountingThe fundamentals of accountingOct/Nov 2021Paper 1 Q261 Mark
What are advantages of keeping a full set of accounting records? 1 Financial statements will be free from errors. 2 It is impossible to make fraudulent entries. 3 More informed decision-making is possible. 4 The calculation of profit is more accurate.
A1 and 2
B1 and 3
C2 and 4
D3 and 4
✓ Correct Answer
The correct answer is D. This question tests the candidate's understanding of the fundamentals of accounting 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...
🔒
Unlock the Examiner's Answer
Sign up for free to reveal the correct answer, the official mark scheme breakdown, and the examiner trap analysis for this question.
Sign Up Free to Unlock →Join thousands of Cambridge students already using Oracle Prep