O-LevelAccountingAnalysis and interpretationOct/Nov 2018Paper 1 Q271 Mark
A trader provided the following information. revenue 95000 purchases 40000 opening inventory 20000 closing inventory 18000 cost of sales 42000 What was the rate of turnover of inventory?
A2.10 times
B2.21 times
C5 times
D5.28 times
✓ Correct Answer
The correct answer is B. This question tests the candidate's understanding of analysis and interpretation 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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