A-LevelAccountingAccruals and PrepaymentsOct/Nov 2011Paper 1 Q11 Mark
The table gives data about rental income for the year ended 31 March 2011. $ rents owing 31 March 2010 1 400 rents received in advance 31 March 2010 1 300 cash received 13 700 rents written off 560 rents owing at 31 March 2011 1 750 rents paid in advance at 31 March 2011 1 600 Which value of rental income will appear in the income statement for the year ended 31 March 2011?
A$14 010
B$14 210
C$14 310
D$14 510
✓ Correct Answer
The correct answer is C. This question tests the candidate's understanding of accruals and prepayments within the Accountingsyllabus. The examiner's mark scheme requires...
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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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