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?

Q: What is the correct answer to this A-Level Accounting question?

The correct answer is C: $29 200.

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.

A$23 200

B$24 300

C$29 200

D$31400

✓ Correct Answer

The correct answer is C: $29 200

📋 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 2017 examination, Paper 1 Variant 2.

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