A-LevelAccountingDisposal of Non-current AssetsOct/Nov 2015Paper 1 Q51 Mark
A trader prepares a disposal account. On which sides do the cost of the asset and sale proceeds appear?
Acost of the asset: credit, sale proceeds: credit
Bcost of the asset: credit, sale proceeds: debit
Ccost of the asset: debit, sale proceeds: credit
Dcost of the asset: debit, sale proceeds: debit
✓ Correct Answer
The correct answer is C. This question tests the candidate's understanding of disposal of non-current assets 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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