A-LevelAccountingFinancial Statements of Sole TradersMay/June 2012Paper 1 Q131 Mark
A business sells goods at cost plus 25%. Information for a year is shown. $ revenue 240 000 opening inventory 42 000 closing inventory 48 000 What is the total of purchases for the year?
A$180 000
B$186 000
C$192 000
D$198 000
✓ Correct Answer
The correct answer is D. This question tests the candidate's understanding of financial statements of sole traders 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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