A-LevelAccountingAdjustments to Financial StatementsFeb/Mar 2023Paper 1 Q141 Mark

The following information is extracted from the records of a business for a financial year. $ at 1 January rent paid in advance 4000 during the year ended 31 December rent paid 41000 at 31 December rent paid in advance 7000 How much will be charged for rent in the statement of profit or loss for the year ended 31 December?

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

The correct answer is B: $38.000.

Q: What topic does this question test?

This question tests Adjustments to Financial Statements in A-Level Accounting (syllabus code 9706). It is worth 1 mark.

A$34.000

B$38.000

C$41000

D$44000

✓ Correct Answer

The correct answer is B: $38.000

📋 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 A-Level Accounting Question

Topic

This multiple-choice question tests Adjustments to Financial Statements in A-Level Accounting (syllabus code 9706). It is worth 1 mark.

Source

This question appeared in the Cambridge A-Level Accounting Feb/Mar 2023 examination, Paper 1 Variant 2.

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