O-LevelAccountingAnalysis and interpretation7707/13 · Oct/Nov 2020 · Q281 Mark

Kim's trade payables turnover increased. What could have caused this?

AKim's customers took longer to pay their accounts.

BKim's credit purchases increased.

CKim's sales revenue increased.

DKim took longer to pay her credit suppliers.

✓ Correct answer

D: Kim took longer to pay her credit suppliers.

Oracle Prep sorts past-paper questions by topic, so you can drill Analysis and interpretation and see which topics are most likely to come up next.

Topic: Analysis and interpretation, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, Oct/Nov 2020 Paper 1 Variant 3, question 28.

Questions and mark schemes are from past examination papers and remain the copyright of the exam board. How Oracle Prep builds its content

Simi had the following assets and liabilities. $ inventory (stock) 6300 trade receivables (debtors) 5000 cash 800 tra…

What is the formula for calculating rate of inventory (stock) turnover?

Zaynah is in business buying and selling goods on credit. The following balances were extracted from her books on 30 …

A sole trader purchased the following items from an office supplier. $ calculator 10 computer system 2000 document sh…

Bi-Appah thinks her business will be worth more when she takes on new, highly skilled staff. Which accounting princip…

A sales ledger control account showed the following. $ opening debit balance 2 000 sales 10 000 receipts from debtor…