O-LevelAccountingAccounting proceduresOct/Nov 2025Paper 1 Q211 Mark
At the beginning of the year on 1 January, Keith was owed $1500 commission by clients. During the year, Keith received $18000 commission. At the end of the year on 31 December, Keith was owed $800 commission by clients. How much commission did Keith record in his income statement for the year ended 31 December?
A$15700
B$17300
C$18700
D$20 300
✓ Correct Answer
The correct answer is B. This question tests the candidate's understanding of accounting procedures within the Accountingsyllabus. The examiner's mark scheme requires...
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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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