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O-LevelAccountingAnalysis and interpretationOct/Nov 2024Paper 1 Q321 Mark

Omar had an increase in his gross profit margin. What could have caused this?

Adecrease in the selling price of his goods
Ban increase in the quantity of goods purchased
Cdecrease in the purchase price of his goods
Dan increase in the quantity of goods sold

✓ Correct Answer

The correct answer is C. This question tests the candidate's understanding of analysis and interpretation 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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About This O-Level Accounting Question

This multiple-choice question appeared in the Cambridge O-Level Accounting (7707) Oct/Nov 2024 examination, Paper 1 Variant 2. It tests the topic of Analysis and interpretation and is worth 1 mark.

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