O-LevelAccountingSources and recording of dataOct/Nov 2024Paper 1 Q121 Mark

On 30 June the bank column in Farad's cash book showed an overdrawn balance of $2000. The following items had not been entered in the cash book. standing order for rent $200 interest on bank overdraft $50 credit transfer from X Limited $2900 What was the corrected balance of the bank column in the cash book at 1 July?

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

The correct answer is A: $650 credit.

Q: What topic does this question test?

This question tests Sources and recording of data in O-Level Accounting (syllabus code 7707). It is worth 1 mark.

A$650 credit

B$650 debit

C$1150 credit

D$1150 debit

✓ Correct Answer

The correct answer is A: $650 credit

📋 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 Sources and recording of data 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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