A-LevelAccountingPreparation of Financial StatementsFeb/Mar 2016Paper 1 Q91 Mark

An inexperienced bookkeeper calculated a draft profit for the year ended 31 December 2015 of $578 500. He had not accounted for the following: 1 January 2015 31 December 2015 $ $ provision for doubtful debts 12800 11300 provision for depreciation 95000 126 200 What was the revised profit for the year?

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

The correct answer is D: $548 800.

Q: What topic does this question test?

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

A$441000

B$463600

C$545 800

D$548 800

✓ Correct Answer

The correct answer is D: $548 800

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

Source

This question appeared in the Cambridge A-Level Accounting Feb/Mar 2016 examination, Paper 1 Variant 2.

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