A-LevelAccountingAdjustments to Financial StatementsOct/Nov 2013Paper 1 Q71 Mark

A company's financial year ends on 31 December. At 31 December Year 1 the company carried forward a debit balance of $36200 on the rent account. During Year 2 payments made for 12 months' rent, to 31 March Year 3, were $157200. What is the amount of rent to be charged in the income statement in Year 2?

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

The correct answer is B: $154 100.

Q: What topic does this question test?

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

A$121000

B$154 100

C$160300

D$193400

✓ Correct Answer

The correct answer is B: $154 100

📋 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 Adjustments to Financial Statements in A-Level Accounting (syllabus code 9706). It is worth 1 mark.

Source

This question appeared in the Cambridge A-Level Accounting Oct/Nov 2013 examination, Paper 1 Variant 2.

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