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?
A$441000
B$463600
C$545 800
D$548 800
✓ Correct Answer
The correct answer is D. This question tests the candidate's understanding of preparation of financial statements 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...
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