O-LevelAccountingAnalysis and interpretation7707/12 · Oct/Nov 2023 · Q331 Mark

Lynne provided the following information about her trading business. $ for the year ended 31 August 2023 revenue: cash sales 250 000 credit sales 230 000 at 31 August 2023 trade receivables 19530 other receivables 2100 What was Lynne's trade receivables turnover?

A15 days

B17 days

C31 days

D35 days

✓ Correct answer

C: 31 days

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Topic: Analysis and interpretation, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, Oct/Nov 2023 Paper 1 Variant 2, question 33.

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