O-LevelAccountingAccounting proceduresOct/Nov 2024Paper 1 Q191 Mark
Which statements about irrecoverable debts are correct? 1 They are an application of the historic cost principle. 2 They are debts which will not be paid by credit customers. 3 They increase the value of current liabilities. 4 They reduce the total value of trade receivables.
A1 and 2
B1 and 4
C2 and 3
D2 and 4
✓ Correct Answer
The correct answer is A. This question tests the candidate's understanding of accounting procedures 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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