A-LevelAccountingAnalysis and communication of accounting information9706/12 · Oct/Nov 2022 · 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

C: 122

Practise more questions on this topic

Oracle Prep sorts past-paper questions by topic, so you can drill Analysis and communication of accounting information and see which topics are most likely to come up next.

About this question

Topic: Analysis and communication of accounting information, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source: A-Level Accounting, Oct/Nov 2022 Paper 1 Variant 2, question 21.

Questions and mark schemes are from past examination papers and remain the copyright of the exam board. How Oracle Prep builds its content

Related Accounting questions

Analysis and communication of accounting informationFeb/Mar 20201m

A company's results for a year showed credit sales of $500000. The trade receivables collection period was 73 days. I…

Analysis and communication of accounting informationFeb/Mar 20201m

A business has the following current assets and current liabilities. trade receivables 6000 bank overdraft 1500 cash …

Analysis and communication of accounting informationFeb/Mar 20211m

Which ratio will help a business assess its ability to meet its immediate cash requirements?

Preparation of financial statementsFeb/Mar 20161m

A business makes up its financial statements to 30 April each year. Included in the ledger account balances on 1 May …

Preparation of financial statementsFeb/Mar 20161m

The statements of financial position of Goh's business showed the following: 30 June 2014 30 June 2015 net assets $15…

Preparation of financial statementsFeb/Mar 20161m

P joined the partnership of G and H. He brought into the business the following assets. non-current assets cost $2500…

← Browse all past-paper questions