A-LevelAccountingIntroduction to AccountingMay/June 2023Paper 1 Q191 Mark

Which three key users of financial statements will be most interested in the statement of profit or loss?

Q: What topic does this question test?

This question tests Introduction to Accounting in A-Level Accounting (syllabus code 9706). It is worth 1 mark.

Aemployees, environmental bodies, government

Bpublic, environmental bodies, suppliers

Cpublic, suppliers, potential investors

Dshareholders, government, potential investors

✓ Correct Answer

The correct answer is D: shareholders, government, potential investors

📋 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 Introduction to Accounting in A-Level Accounting (syllabus code 9706). It is worth 1 mark.

Source

This question appeared in the Cambridge A-Level Accounting May/June 2023 examination, Paper 1 Variant 2.

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