A-LevelAccountingAnalysis and Interpretation of Financial StatementsFeb/Mar 2016Paper 1 Q81 Mark

The statement of the financial position of a company shows the following: $ tangible non-current assets 20 600 intangible non-current assets 5700 trade receivables 8600 trade payables 3200 loan repayable in three years 4000 bank balance 5200 credit inventory 6900 What is total working capital?

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

The correct answer is B: $7100.

Q: What topic does this question test?

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

A$3100

B$7100

C$17500

D$29400

✓ Correct Answer

The correct answer is B: $7100

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

Source

This question appeared in the Cambridge A-Level Accounting Feb/Mar 2016 examination, Paper 1 Variant 2.

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