O-LevelAccountingAccounting proceduresOct/Nov 2023Paper 1 Q301 Mark
Ahmed provided the following information. $ trade receivables at 1 January 2022 15000 for the year ended 31 December 2022: credit sales 85000 cash sales 12000 cheques received from trade receivables 65000 irrecoverable debts 2000 By how much had the trade receivables increased by the end of the financial year?
A$18000
B$30000
C$33000
D$45000
✓ Correct Answer
The correct answer is A. This question tests the candidate's understanding of accounting procedures within the Accountingsyllabus. The examiner's mark scheme requires...
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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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