A-LevelAccountingAnalysis and communication of accounting information9706/12 · Oct/Nov 2021 · Q201 Mark

A business provides the following information. $Trade payables: 39 540 Opening inventory: 15450 Closing inventory: 32780 Credit purchases: 184 600 Credit sales: 230 600 What is the trade payables turnover?

A63 days

B72 days

C79 days

D87 days

✓ Correct answer

C: 79 days

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Topic: Analysis and communication of accounting information, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source: A-Level Accounting, Oct/Nov 2021 Paper 1 Variant 2, question 20.

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