A-LevelAccountingFinancial StatementsOct/Nov 2013Paper 1 Q11 Mark
The following information is taken from a trader's statement of financial position. $ non-current assets 80000 capital at start of year 75000 drawings 16000 profit for the year 13000 non-current liability 6000 current assets 12700 What is the amount of trade payables?
A$8700
B$11700
C$14700
D$26700
✓ Correct Answer
The correct answer is C. This question tests the candidate's understanding of financial statements within the Accountingsyllabus. The examiner's mark scheme requires...
📋 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...
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