O-LevelAccountingAnalysis and interpretation7707/13 · Oct/Nov 2021 · Q331 Mark

What is not a limitation of inter-firm comparison?

AAccounting records do not include the skills of the workforce.

BBusinesses may have different accounting policies.

CBusinesses may have different sales prices.

DThe available information may not relate to a typical year.

✓ Correct answer

C: Businesses may have different sales prices.

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Topic: Analysis and interpretation, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, Oct/Nov 2021 Paper 1 Variant 3, question 33.

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