A-LevelAccountingFinancial Statements of Sole TradersMay/June 2017Paper 1 Q91 Mark
Finn provides the following information. $ capital at the start of the year 19 800 profit for the year 24 000 drawings (cash) 19 500 drawings (goods for own use) 1100 private vehicle transferred to business use 6000 What was Finn's capital at the end of the year?
A$23 200
B$24 300
C$29 200
D$31400
✓ Correct Answer
The correct answer is C. 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...
🔒
Unlock the Examiner's Answer
Sign up for free to reveal the correct answer, the official mark scheme breakdown, and the examiner trap analysis for this question.
Sign Up Free to Unlock →Join thousands of Cambridge students already using Oracle Prep