O-LevelAccountingAnalysis and interpretationOct/Nov 2023Paper 1 Q351 Mark

Jack is a shareholder in a company. He received the company's financial statements. Why did he find the financial statements relevant?

Q: What topic does this question test?

This question tests Analysis and interpretation in O-Level Accounting (syllabus code 7707). It is worth 1 mark.

AHe was confident that they did not contain errors.

BThe financial information was clearly presented.

CThe same depreciation methods had been used as in previous years.

DThey confirmed his expectations about the future of the company.

✓ Correct Answer

The correct answer is D: They confirmed his expectations about the future of the company.

📋 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 Analysis and interpretation 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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