A-LevelAccountingAdjustments to Financial StatementsOct/Nov 2016Paper 1 Q91 Mark
A company pays or receives the following amounts on the last day of its financial year. $ deposit paid to a supplier 6500 rental income received in advance 8000 loan repayment 3000 payment for last month's sales commission 900 Which of these amounts will be included as other receivables in the statement of financial position?
A$6500
B$14500
C$17500
D$18400
✓ Correct Answer
The correct answer is A. This question tests the candidate's understanding of adjustments to 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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