O-LevelAccountingAccounting principles and policiesOct/Nov 2025Paper 1 Q181 Mark
Why should prepaid income be shown in the financial statements of a business?
Aso that credit customers pay the correct amount
Bso that payments to credit suppliers are correctly recorded
Cso that the statement of financial position shows the correct current assets
Dso that the total income is matched against the total costs of the same period
✓ Correct Answer
The correct answer is D. This question tests the candidate's understanding of accounting principles and policies 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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