A-LevelAccountingControl AccountsOct/Nov 2013Paper 1 Q121 Mark

During the financial year a business receives $620000 from its trade receivables after allowing cash discounts of $30000. At the start of the year trade receivables owed $47000. At the end of the year trade receivables owed $40000. What was the amount of credit sales made during the year?

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

The correct answer is C: $643 000.

Q: What topic does this question test?

This question tests Control Accounts in A-Level Accounting (syllabus code 9706). It is worth 1 mark.

A$613000

B$627000

C$643 000

D$657000

✓ Correct Answer

The correct answer is C: $643 000

📋 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 Control Accounts 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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