A-LevelAccountingAdjustments to Financial StatementsMay/June 2012Paper 1 Q21 Mark
The table shows opening and closing balances for the rent receivable account. start of year $ rent received in advance 4200 rent due in arrears 2000 end of year $ 1600 2400 During the year, $111 000 rental income was received. What is the total rent receivable for the year?
A$110 600
B$111 000
C$113 200
D$114 000
✓ Correct Answer
The correct answer is D. This question tests the candidate's understanding of adjustments to financial statements 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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