A-LevelAccountingCorrection of ErrorsMay/June 2024Paper 1 Q111 Mark

After preparing the draft statement of profit or loss, it was discovered that the purchase of an office computer had been incorrectly recorded in the purchases account. What will the effect of correcting this error be on cost of sales and profit for the year? cost of sales profit for the year

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

The correct answer is B: decrease increase.

Q: What topic does this question test?

This question tests Correction of Errors in A-Level Accounting (syllabus code 9706). It is worth 1 mark.

Adecrease decrease

Bdecrease increase

Cincrease decrease

Dincrease increase

✓ Correct Answer

The correct answer is B: decrease increase

📋 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 Correction of Errors in A-Level Accounting (syllabus code 9706). It is worth 1 mark.

Source

This question appeared in the Cambridge A-Level Accounting May/June 2024 examination, Paper 1 Variant 2.

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