A-LevelAccountingAdjustments and Accruals/PrepaymentsMay/June 2013Paper 1 Q31 Mark
A rents its building to B. At 31 December 2011, B owed $4500 for rent. At 31 December 2012, B had paid $3200 in advance. During the year A had received $17100 in rental from B. What is the rental income to be shown in A's income statement for the year ended 31 December 2012?
A$9400
B$15800
C$18400
D$24800
✓ Correct Answer
The correct answer is A. This question tests the candidate's understanding of adjustments and accruals/prepayments within the Accountingsyllabus. The examiner's mark scheme requires...
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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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