A-LevelAccountingAccruals and PrepaymentsOct/Nov 2015Paper 1 Q11 Mark
Why does a trader account for accrued income?
Aso that current liabilities are not overstated
Bso that current liabilities are not understated
Cso that profit is not overstated
Dso that profit is not understated
✓ Correct Answer
The correct answer is D. This question tests the candidate's understanding of accruals and prepayments 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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