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?

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

The correct answer is A: $6500.

Q: What topic does this question test?

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

A$6500

B$14500

C$17500

D$18400

✓ Correct Answer

The correct answer is A: $6500

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

Source

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

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