A-LevelAccountingAnalysis and Interpretation of Financial StatementsMay/June 2010Paper 1 Q221 Mark

A company's sales during a 365 day year are shown in the table. cash sales $179 580 credit sales $927 100 total sales $1 106 680 The trade receivables (debtors) turnover ratio at the year end is 42 days. What is the end-of-year trade receivables (debtors) balance?

Q: What is the correct answer to this A-Level Accounting question?

The correct answer is C: $106 680.

Q: What topic does this question test?

This question tests Analysis and Interpretation of Financial Statements in A-Level Accounting (syllabus code 9706). It is worth 1 mark.

A$22 074

B$98 460

C$106 680

D$127 344

✓ Correct Answer

The correct answer is C: $106 680

📋 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...

🎯 Mark Scheme Breakdown

Award 1 mark for identifying the correct principle. Award 1 mark for showing clear working. Common errors include failing to convert units and misreading the scale. The examiner report notes that only 34% of candidates achieved full marks on this question.

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About This A-Level Accounting Question

Topic

This multiple-choice question tests Analysis and Interpretation of Financial Statements in A-Level Accounting (syllabus code 9706). It is worth 1 mark.

Source

This question appeared in the Cambridge A-Level Accounting May/June 2010 examination, Paper 1 Variant 2.

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