A-LevelAccountingFinancial StatementsOct/Nov 2010Paper 1 Q191 Mark
The table shows extracts from the trial balance of a company at 31 December 2009. [Table showing ordinary share capital $750 000, 8% preference shares $250 000, 6% debentures (2015) $150 000, bank loan repayable (2012) $75 000, bank overdraft $110 000, mortgage on buildings (repayable 2010) $120 000] What is the total of non current liabilities in the balance sheet at 31 December 2009?
A$195 000
B$225 000
C$345 000
D$595 000
✓ Correct Answer
The correct answer is B: $225 000
📋 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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