A-LevelAccountingAccruals and PrepaymentsOct/Nov 2009Paper 1 Q21 Mark
A business paid $15000 for electricity in the year. The opening prepayment was $1000 and the closing accrual was $2000. What was the charge for electricity for the year?
A$15 000
B$16 000
C$17 000
D$18 000
✓ Correct Answer
The correct answer is D. This question tests the candidate's understanding of accruals and prepayments 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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