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O-LevelAccountingThe fundamentals of accounting7707/13 · Oct/Nov 2021 · Q341 Mark

Why would a supplier be interested in the financial statements of a credit customer?

Ato know if the customer can pay what he owes
Bto know the amount owed by trade receivables
Cto know the profit for the year
Dto know the value of the inventory

✓ Correct answer

A: to know if the customer can pay what he owes

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About this question

Topic
The fundamentals of accounting, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source
O-Level Accounting, Oct/Nov 2021 Paper 1 Variant 3, question 34.

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