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?

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

The correct answer is C: $28 900.

Q: What topic does this question test?

This question tests Financial Statements (Statement of Financial Position) in A-Level Accounting (syllabus code 9706). It is worth 1 mark.

A$16 500

B$17 400

C$28 900

D$48 900

✓ Correct Answer

The correct answer is C: $28 900

📋 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 Financial Statements (Statement of Financial Position) in A-Level Accounting (syllabus code 9706). It is worth 1 mark.

Source

This question appeared in the Cambridge A-Level Accounting Oct/Nov 2009 examination, Paper 1 Variant 2.

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