A-LevelAccountingAccruals and Prepayments / AdjustmentsFeb/Mar 2018Paper 1 Q101 Mark
A business has a draft profit for the year of $182750. The following adjustments have not yet been made. 1 a decrease of $2800 in the provision for doubtful debts 2 a prepayment of rent by the tenant of $3900 at the year-end What is the actual profit for the year?
A$176050
B$181650
C$183 850
D$189450
✓ Correct Answer
The correct answer is B. This question tests the candidate's understanding of accruals and prepayments / adjustments 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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