O-LevelAccountingThe fundamentals of accountingOct/Nov 2024Paper 1 Q71 Mark

The following account appeared in the ledger of Eli. Jacob account $ $ June 1 balance b/d 220 June 4 bank 210 22 sales 400 discount 10 30 balance c/d 400 620 620 Which statement is correct?

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.

AOn 1 June Eli was owed $220 by Jacob.

BOn 4 June Eli paid Jacob $210 by cheque.

COn 22 June Jacob sold goods to Eli for $400.

DOn 30 June Jacob was owed $400 by Eli.

✓ Correct Answer

The correct answer is A: On 1 June Eli was owed $220 by Jacob.

📋 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 3.

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