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O-LevelCommerceFinanceOct/Nov 2020Paper 1 Q121 Mark

What is not a characteristic of a credit note?

AIt is issued when the buyer has been undercharged.
BIt is used when a buyer has returned damaged goods.
CIt is usually printed in red or pink.
DIt will be itemised on the statement of account.

✓ Correct Answer

The correct answer is A. This question tests the candidate's understanding of finance within the Commercesyllabus. 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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About This O-Level Commerce Question

This multiple-choice question appeared in the Cambridge O-Level Commerce (7100) Oct/Nov 2020 examination, Paper 1 Variant 2. It tests the topic of Finance and is worth 1 mark.

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