O-LevelAccountingThe fundamentals of accountingOct/Nov 2024Paper 1 Q211 Mark
A business provided the following information. long-term loan 20 000 trade receivables 12000 trade payables 9700 bank overdraft 2000 prepaid insurance 400 accrued wages 1000 rental income prepaid 500 What was the total of the current liabilities?
A$13200
B$15400
C$31200
D$32700
✓ Correct Answer
The correct answer is A. This question tests the candidate's understanding of the fundamentals of accounting within the Accountingsyllabus. The examiner's mark scheme requires...
📋 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...
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