Cake indicates merits (13)

I believe the answer is:
browniepoints
'merits' is the definition.
I know nothing about this answer so I cannot tell whether it can be defined by this definition.
'cake indicates' is the wordplay.
'cake' becomes 'brownie' (brownie is a kind of cake).
'indicates' becomes 'points' ('point' can be a synonym of 'indicate').
'brownie'+'points'='BROWNIEPOINTS'
Can you help me to learn more?
I've seen this clue in The Daily Express.
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