O-LevelAccountingAnalysis and interpretation7707/12 · Oct/Nov 2020 · Q291 Mark

A trader wants to improve his gross margin. How can this be done?

AReduce administrative expenses.

BReduce depreciation of equipment.

CReduce rate of cash discount allowed.

DReduce rate of trade discount allowed.

✓ Correct answer

D: Reduce rate of trade discount allowed.

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Topic: Analysis and interpretation, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, Oct/Nov 2020 Paper 1 Variant 2, question 29.

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