O-LevelAccountingAccounting principles and policiesOct/Nov 2022Paper 1 Q181 Mark
A trader provided the following information about his inventory at the end of his financial year. total number of units 500 cost price of each unit $4 net realisable value of each unit $6 80 units were damaged and could be sold for $3 per unit. What was the value of the closing inventory?
A$1920
B$2000
C$2760
D$2840
✓ Correct Answer
The correct answer is A. This question tests the candidate's understanding of accounting principles and policies 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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