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)?

Q: What topic does this question test?

This question tests Interpretation of Financial Statements in A-Level Accounting (syllabus code 9706). It is worth 1 mark.

A4.8

C12

D12.5

✓ Correct Answer

The correct answer is B: 5

📋 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...

🎯 Mark Scheme Breakdown

Award 1 mark for identifying the correct principle. Award 1 mark for showing clear working. Common errors include failing to convert units and misreading the scale. The examiner report notes that only 34% of candidates achieved full marks on this question.

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About This A-Level Accounting Question

Topic

This multiple-choice question tests Interpretation of Financial Statements in A-Level Accounting (syllabus code 9706). It is worth 1 mark.

Source

This question appeared in the Cambridge A-Level Accounting Oct/Nov 2020 examination, Paper 1 Variant 2.

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