A-LevelAccountingFinancial Statements (Statement of Financial Position)Oct/Nov 2009Paper 1 Q301 Mark
The table shows balances at the end of a year. $ expenses prepaid 6 000 expenses accrued 4 000 bank overdraft 11 500 trade creditors 13 400 trade debtors 10 500 loan (2015) 20 000 What is the total of current liabilities?
A$16 500
B$17 400
C$28 900
D$48 900
✓ Correct Answer
The correct answer is C. This question tests the candidate's understanding of financial statements (statement of financial position) 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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