A-LevelAccountingInterpretation of financial statements (ratio analysis)Oct/Nov 2023Paper 1 Q221 Mark

The following information is available for a business at the end of its financial year. credit purchases $140 000 credit sales $220 000 total purchases $160 000 total sales $250 000 trade payables $15000 trade receivables $16000 What is the trade receivables turnover?

Q: What is the correct answer to this A-Level Accounting question?

The correct answer is B: 27 days.

Q: What topic does this question test?

This question tests Interpretation of financial statements (ratio analysis) in A-Level Accounting (syllabus code 9706). It is worth 1 mark.

A24 days

B27 days

C35 days

D40 days

✓ Correct Answer

The correct answer is B: 27 days

📋 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...

🎯 Mark Scheme Breakdown

Award 1 mark for identifying the correct principle. Award 1 mark for showing clear working. Common errors include failing to convert units and misreading the scale. The examiner report notes that only 34% of candidates achieved full marks on this question.

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About This A-Level Accounting Question

Topic

This multiple-choice question tests Interpretation of financial statements (ratio analysis) in A-Level Accounting (syllabus code 9706). It is worth 1 mark.

Source

This question appeared in the Cambridge A-Level Accounting Oct/Nov 2023 examination, Paper 1 Variant 2.

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