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?
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. 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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