A-LevelAccountingIncomplete RecordsOct/Nov 2016Paper 1 Q101 Mark
A sole trader provides the following information. start of year end of year $ $ total assets 100000 135000 total liabilities excluding owner's capital (35000) (40000) During the year the owner took drawings of $18000. What was the profit for the year?
A$12000
B$30000
C$35000
D$48000
✓ Correct Answer
The correct answer is D. This question tests the candidate's understanding of incomplete records 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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