O-LevelAccountingSources and recording of dataOct/Nov 2024Paper 1 Q61 Mark

What is an advantage to a business of maintaining books of prime entry?

Q: What topic does this question test?

This question tests Sources and recording of data in O-Level Accounting (syllabus code 7707). It is worth 1 mark.

Atrial balance can be extracted directly from books of prime entry.

BSimilar transactions are listed together in date order for reference.

CThere is no need to make double entries in the ledger.

DTrade receivables and trade payables totals are readily available.

✓ Correct Answer

The correct answer is B: Similar transactions are listed together in date order for reference.

📋 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 Sources and recording of data in O-Level Accounting (syllabus code 7707). It is worth 1 mark.

Source

This question appeared in the Cambridge O-Level Accounting Oct/Nov 2024 examination, Paper 1 Variant 2.

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