O-LevelAccountingAnalysis and interpretation7707/13 · Oct/Nov 2023 · Q341 Mark

Jimmy made credit sales of $98 550 in each of the years 2021 and 2022. In 2022, his trade receivables turnover was exactly two days shorter than it had been in 2021. What was the change in his total trade receivables in 2022?

A$135 decrease

B$135 increase

C$540 decrease

D$540 increase

✓ Correct answer

C: $540 decrease

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 2023 Paper 1 Variant 3, question 34.

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