O-LevelAccountingAnalysis and interpretationOct/Nov 2024Paper 1 Q321 Mark
The trade payables turnover of a business is 36 days. What do these 36 days represent?
Athe average number of days before the business purchases further goods on credit
Bthe average number of days taken by the business to pay its credit suppliers
Cthe average number of days the business is allowed by credit suppliers to pay for goods
Dthe average number of days the business takes to sell goods purchased on credit
✓ Correct Answer
The correct answer is A. 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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