A-LevelAccountingCapital and Revenue Expenditure/IncomeFeb/Mar 2025Paper 1 Q41 Mark
A company's profit for the year is $20000. Capital income of $5000 has been treated as revenue income. Capital expenditure of $4000 has been treated as revenue expenditure. What is the correct profit for the year?
A$11000
B$19000
C$21000
D$29000
✓ Correct Answer
The correct answer is B. This question tests the candidate's understanding of capital and revenue expenditure/income 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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