O-LevelAccountingAnalysis and interpretationOct/Nov 2023Paper 1 Q321 Mark
A business has the following assets and liabilities. $ inventory 2000 trade receivables 4000 trade payables 1100 bank overdraft 3100 The owner plans to pay some of his own funds into the business bank account to increase the current ratio to 2: 1. How much does he need to pay into the business bank account to achieve this?
A$900
B$1200
C$1900
D$2200
✓ Correct Answer
The correct answer is B. 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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