A-LevelAccountingBudgetingMay/June 2014Paper 1 Q301 Mark
Sybil owns a vehicle which on 1 August 2014 will be shown at a cost of $10000 with accumulated depreciation of $6000. On that date she expects to trade it in against a new vehicle with a cost of $15000, receiving a trade-in allowance of $3500. Which figure will appear in Sybil's cash budget for August 2014?
A$5000
B$11000
C$11500
D$15000
✓ Correct Answer
The correct answer is C. This question tests the candidate's understanding of budgeting 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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