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?
A24 days
B27 days
C35 days
D40 days
✓ Correct Answer
The correct answer is B. This question tests the candidate's understanding of interpretation of financial statements (ratio analysis) 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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