O-LevelAccountingAnalysis and interpretationOct/Nov 2017Paper 2 Q420 Marks
Zara provided the following information: At 1 August 2016 Inventory $19700 For the year ended 31 July 2017 Cost of sales $240000 Expenses $65000 At 31 July 2017 Capital $70000 Inventory $33500 Trade receivables $50500 Bank loan (repayable October 2020) $50000 Trade payables $25000 Bank overdraft $15000 Gross profit margin 25% REQUIRED
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