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?

Q: What is the correct answer to this O-Level Accounting question?

The correct answer is A: $13200.

Q: What topic does this question test?

This question tests The fundamentals of accounting in O-Level Accounting (syllabus code 7707). It is worth 1 mark.

A$13200

B$15400

C$31200

D$32700

✓ Correct Answer

The correct answer is A: $13200

📋 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 The fundamentals of accounting 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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