A-LevelAccountingDepartmental AccountsOct/Nov 2013Paper 1 Q141 Mark
The following departmental accounts have been prepared for a limited company for the year ended 30 September 2013. department X $ department Y $ revenue 810000 515000 cost of sales 470000 265 000 gross profit 340 000 250 000 overheads 210000 295 000 profit/(loss) for the year 130000 (45000) The following errors have been found. 1 Department X overheads include $10 000 for the purchase of goods for resale of department X. 2 Revenue of $40 000 has been credited to department X when it should have been credited to department Y. What is the corrected profit for the year for department X?
A$80000
B$90.000
C$100000
D$170000
✓ Correct Answer
The correct answer is B. This question tests the candidate's understanding of departmental accounts 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...
🔒
Unlock the Examiner's Answer
Sign up for free to reveal the correct answer, the official mark scheme breakdown, and the examiner trap analysis for this question.
Sign Up Free to Unlock →Join thousands of Cambridge students already using Oracle Prep