A-LevelAccountingInterpretation of Financial StatementsOct/Nov 2020Paper 1 Q191 Mark
The following information is available. $ $ revenue 600 000 opening inventory 46000 purchases 244 000 290 000 closing inventory 50 000 240 000 gross profit 360 000 expenses 150 000 profit from operations 210000 What was the rate of inventory turnover (in times)?
A4.8
B5
C12
D12.5
✓ Correct Answer
The correct answer is B. This question tests the candidate's understanding of interpretation of financial statements 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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