O-LevelAccountingAccounting proceduresOct/Nov 2024Paper 1 Q261 Mark
What will be included in a receipts and payments account of a social club? 1 cash payment for new furniture for the clubhouse 2 depreciation charged on the clubhouse furniture 3 outstanding subscriptions from the previous year received in the current year 4 subscriptions owed by members at the end of the current year
A1 and 2
B1 and 3
C2 and 4
D3 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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