O-LevelAccountingAccounting proceduresOct/Nov 2024Paper 1 Q251 Mark

The treasurer of a sports club provided the following information. clubhouse and sports fields $250 000 sports equipment $80 000 cash at bank $12000 bank loan $14000 subscriptions accrued $2800 What was the amount of the accumulated fund?

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

The correct answer is A: $325 200.

Q: What topic does this question test?

This question tests Accounting procedures in O-Level Accounting (syllabus code 7707). It is worth 1 mark.

A$325 200

B$328 000

C$330 800

D$342 000

✓ Correct Answer

The correct answer is A: $325 200

📋 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 Accounting procedures 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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