A-LevelAccountingPartnershipsMay/June 2011Paper 1 Q131 Mark

The following summarised information has been taken from the balance sheet of a partnership. $ non-current assets 42 000 capital accounts 36 000 current accounts (debit) 5 000 current liabilities 7 000 non-current liabilities 15 000 What is the amount of current assets?

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

The correct answer is B: $11 000.

Q: What topic does this question test?

This question tests Partnerships in A-Level Accounting (syllabus code 9706). It is worth 1 mark.

A$6000

B$11 000

C$17 000

D$21 000

✓ Correct Answer

The correct answer is B: $11 000

📋 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.

🔒

Unlock the Examiner's Analysis

Join thousands of Cambridge students already using Oracle Prep

About This A-Level Accounting Question

Topic

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

Source

This question appeared in the Cambridge A-Level Accounting May/June 2011 examination, Paper 1 Variant 2.

Practice on Oracle Prep

Oracle Prep provides AI-powered practice for all Cambridge O-Level and A-Level subjects. Our platform includes topic predictions with 87.7% accuracy, AI essay grading, and a comprehensive question bank spanning 25 years of past papers across 29 subjects.