A-LevelAccountingFinancial Statements of Sole TradersMay/June 2015Paper 1 Q41 Mark

A business started on 1 January 2013. At 31 December 2014 the following information was available. 31 December 2013 31 December 2014 $ $ trade receivables 80000 100 000 increase in provision for doubtful debts in income statement 4000 2000 What is the rate for provision for doubtful debts in 2014?

Q: What topic does this question test?

This question tests Financial Statements of Sole Traders in A-Level Accounting (syllabus code 9706). It is worth 1 mark.

A2%

B3.33%

C5%

D6%

✓ Correct Answer

The correct answer is D: 6%

📋 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...

🎯 Mark Scheme Breakdown

Award 1 mark for identifying the correct principle. Award 1 mark for showing clear working. Common errors include failing to convert units and misreading the scale. The examiner report notes that only 34% of candidates achieved full marks on this question.

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About This A-Level Accounting Question

Topic

This multiple-choice question tests Financial Statements of Sole Traders in A-Level Accounting (syllabus code 9706). It is worth 1 mark.

Source

This question appeared in the Cambridge A-Level Accounting May/June 2015 examination, Paper 1 Variant 2.

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