A-LevelAccountingAnalysis and Interpretation of Financial StatementsOct/Nov 2021Paper 1 Q191 Mark
The non-current asset turnover of a business improved between 2020 and 2021, even though the net revenue was the same for both years. What caused the improvement in the ratio?
Areduction in the level of irrecoverable debts being incurred
Ban upwards revaluation of the premises at the year end
Cdepreciation charged being higher than the cost of new non-current assets
Dpurchases of new non-current assets being greater than disposals
✓ Correct Answer
The correct answer is C. This question tests the candidate's understanding of analysis and 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...
🔒
Unlock the Examiner's Answer
Sign up for free to reveal the correct answer, the official mark scheme breakdown, and the examiner trap analysis for this question.
Sign Up Free to Unlock →Join thousands of Cambridge students already using Oracle Prep