O-LevelAccountingAnalysis and interpretation7707/11 · Oct/Nov 2018 · Q231 Mark

A business provided the following information. opening inventory $8000 closing inventory $10000 rate of turnover of inventory 12 times mark-up 50% What was the revenue?

A$54000

B$108000

C$162000

D$180000

✓ Correct answer

A: $54000

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Topic: Analysis and interpretation, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, Oct/Nov 2018 Paper 1 Variant 1, question 23.

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