A-LevelAccountingAnalysis and communication of accounting information9706/12 · Feb/Mar 2023 · Q201 Mark

A business has a rate of inventory turnover of 17 times. What is the numerator in the calculation?

Aaverage inventory

Bclosing inventory

Ccost of sales

Dcredit sales

✓ Correct answer

C: cost of sales

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Topic: Analysis and communication of accounting information, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source: A-Level Accounting, Feb/Mar 2023 Paper 1 Variant 2, question 20.

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