A-LevelAccountingNon-Profit Making OrganisationsMay/June 2012Paper 1 Q121 Mark
Which statements about non-profit making organisations are correct? 1 A club or society may engage in trading activities. 2 A club or society may suffer bad debts. 3 Subscriptions are credited to the income and expenditure account in the year in which they are received. 4 The term 'excess of expenditure over income' replaces 'profit for the year'.
A1 and 2
B1 and 4
C2 and 3
D3 and 4
✓ Correct Answer
The correct answer is A. This question tests the candidate's understanding of non-profit making organisations 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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