O-LevelAccountingThe fundamentals of accountingOct/Nov 2021Paper 1 Q271 Mark
Beth provided the following information. net assets 1 January $28.000 31 December $24000 Her drawings during the year amounted to $3000. What was Beth's profit or loss for the year?
A$1000 loss
B$1000 profit
C$7000 loss
D$7000 profit
✓ Correct Answer
The correct answer is A. 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