O-LevelAccountingAccounting proceduresOct/Nov 2022Paper 2 Q420 Marks
PG a trader sells electrical components. She has provided the following information for the year ended 31 July 2022. Sales journal for the year ended 31 July 2022 $ Sales returns journal for the year ended 31 July 2022 360000 Trade receivables at 1 August 2021 13300 Provision for doubtful debts at 1 August 2021 28500 1140 Cash book extract of totals for the year ended 31 July 2022 Discount Cash Bank Bank Allowed $ $ $ Trade receivables 6500 335 100 Trade receivables (dishonoured cheques) 4000 Sales 17000 Additional information 1 $900 of trade receivables were written off as irrecoverable debts on 31 July 2022. There were no other irrecoverable debts during the year. 2 The provision for doubtful debts is to be set at 4% of trade receivables at 31 July 2022.
📋 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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