A-LevelAccountingFinancial Ratios and Financial Statements AnalysisOct/Nov 2011Paper 1 Q211 Mark

The following items appear on a balance sheet. inventory $ 20 000 balance at bank 2 000 cash in hand 1 500 trade payables 11 000 provision for doubtful debts 500 The current ratio is 3 : 1. How much do the trade receivables owe?

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

The correct answer is B: $10 000.

Q: What topic does this question test?

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

A$9 500

B$10 000

C$12 000

D$12 500

✓ Correct Answer

The correct answer is B: $10 000

📋 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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About This A-Level Accounting Question

Topic

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

Source

This question appeared in the Cambridge A-Level Accounting Oct/Nov 2011 examination, Paper 1 Variant 2.

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