O-LevelAccountingSources and recording of dataOct/Nov 2024Paper 1 Q111 Mark
What is true about a bank statement? 1 It is a demand by the bank for repayment of an overdraft. 2 It shows a positive bank balance as a debit balance. 3 It shows transactions affecting the bank account in a given period.
A1 and 2
B1 only
C2 and 3
D3 only
✓ Correct Answer
The correct answer is A. This question tests the candidate's understanding of sources and recording of data 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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