A-LevelAccountingAccounting EquationMay/June 2023Paper 1 Q21 Mark
An asset is purchased on credit by a business. What is the effect of this transaction on the accounting equation?
Aincrease
decrease
increase
Bincrease
decrease
no change
Cincrease
increase
decrease
Dincrease
increase
no change
✓ Correct Answer
The correct answer is D. This question tests the candidate's understanding of accounting equation 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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