A-LevelAccountingError CorrectionMay/June 2025Paper 1 Q81 Mark
After the profit for the year was calculated, the following errors were discovered. 1 Discount allowed of $550 was recorded as discount received. 2 Rental income of $3500 was recorded as an expense. 3 Wages of $4500 were recorded as $5400. What will be the effect on the profit for the year after correcting these errors?
Adecrease by $3850
Bdecrease by $6800
Cincrease by $3850
Dincrease by $6800
✓ Correct Answer
The correct answer is D. This question tests the candidate's understanding of error correction within the Accountingsyllabus. The examiner's mark scheme requires...
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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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