A-LevelAccountingAnalysis and Interpretation of Financial StatementsOct/Nov 2022Paper 1 Q211 Mark
A company purchases its inventory on credit. The following information is available. sales revenue: 440000 purchases: 270000 trade payables: 90000 trade receivables: 110000 What is the trade payables turnover in days?
A75
B92
C122
D149
✓ 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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