A-LevelAccountingAccounting Concepts and PrinciplesFeb/Mar 2017Paper 1 Q11 Mark
Which accounting treatments illustrate the use of the matching concept? 1 comparing the receipts and payments in the cash book to obtain the balance of inventory at net realisable value rather than cost 2 using the FIFO method of inventory valuation each year 3 charging depreciation on non-current assets
A1, 2 and 3
B1 and 3 only
C2 only
D3 only
✓ Correct Answer
The correct answer is D. This question tests the candidate's understanding of accounting concepts and principles 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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