O-LevelAccountingAnalysis and interpretationOct/Nov 2023Paper 2 Q520 Marks
Nala is a retailer who sells toys and games. All sales are on a cash basis and all purchases are on credit. She has provided the following information. At 31 August 2023: Inventory $6265 Cash at bank $992 Trade payables $4880 Capital $125000 For the year to 31 August 2023: Revenue $98420 Purchases $78130 Expenses $11325 Inventory at 1 September 2022 was valued at $6175. REQUIRED
📋 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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