A-LevelAccountingFinancial Statements of Sole TradersOct/Nov 2013Paper 1 Q191 Mark

The following financial information was provided at 31 December 2012. $ purchases 95.000 returns inwards 3300 returns outwards 2100 inventory withdrawn for personal use 5000 Inventory on 31 December 2012 was valued at $1000 more than on 1 January 2012. What was the cost of sales?

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

The correct answer is B: $86 900.

Q: What topic does this question test?

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

A$85700

B$86 900

C$89000

D$97 100

✓ Correct Answer

The correct answer is B: $86 900

📋 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 Statements of Sole Traders 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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