What Alan just outlined should be clear looking at this typical timing diagram that Douglas included in their manuals. This is from a 1926-30 350cc handbook, but it would apply equally well to your Comet.
The factory would have only used one timing mark per gear/cam, but as Alan mentioned, someone may have added an additional mark to and inlet or exhaust cam to use it in the other position. Other than the orientation of the timing mark in relation to the lobe, the inlet and exhaust cams are identical.
Below is a picture of a set of cams from a 1935 350cc Cotswold engine, which would be identical to that used in your Comet. Both wheels are stamped with the letter A, just the one is stamped on the reverse. Note in both cases the timing mark is four teeth over from the lobe.
-Doug