A-LevelAccountingAnalysis and Interpretation of Financial StatementsOct/Nov 2021Paper 1 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
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...
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