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?
A$325 200
B$328 000
C$330 800
D$342 000
✓ 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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