O-LevelAccountingAnalysis and interpretationOct/Nov 2019Paper 1 Q301 Mark
A trader provided the following information. What was the current ratio? trade receivables $ 12000 trade payables 8000 inventory 15000 cash 100 bank 2000 credit
A1.21:1
B1.65:1
C2.71:1
D3.64:1
✓ Correct Answer
The correct answer is C. 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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