O-LevelAccountingVerification of accounting recordsOct/Nov 2023Paper 1 Q91 Mark

A trader's journal shows the following entry. details debit $ credit $ John 300 Jane 300 correction of error Both John and Jane are credit customers of the trader. Which error is the journal entry correcting?

Q: What topic does this question test?

This question tests Verification of accounting records in O-Level Accounting (syllabus code 7707). It is worth 1 mark.

AGoods bought from Jane were wrongly credited to John.

BGoods bought from John were wrongly credited to Jane.

CGoods sold to Jane were wrongly debited to John.

DGoods sold to John were wrongly debited to Jane.

✓ Correct Answer

The correct answer is D: Goods sold to John were wrongly debited to Jane.

📋 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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About This O-Level Accounting Question

Topic

This multiple-choice question tests Verification of accounting records in O-Level Accounting (syllabus code 7707). It is worth 1 mark.

Source

This question appeared in the Cambridge O-Level Accounting Oct/Nov 2023 examination, Paper 1 Variant 2.

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