A-LevelAccountingCompany AccountsFeb/Mar 2025Paper 2 Q315 Marks
The following balances had been extracted from the books of W Limited on 1 January 2024. Share capital (ordinary shares of $0.50 each) $ 750000 Share premium 145000 Retained earnings 154000 Revaluation reserve 90 000 During the year ended 31 December 2024, the following occurred: 1 April Property was revalued at $690000. Before this date, property was valued at $800000. 30 June An interim dividend of $0.05 per share was paid. 1 October A rights issue of two ordinary shares for every three ordinary shares held at this date was made. The shares were issued at a premium of $0.20 per share. The rights issue was fully subscribed. The profit for the year ended 31 December 2024 was $148000.
📋 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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