A-LevelAccountingAnalysis and Interpretation of Financial StatementsMay/June 2023Paper 1 Q211 Mark
The following information is available for a business for the year ended 31 December. $000 revenue 800 purchases 600 owing to credit suppliers 46 owed by credit customers 58 90% of revenue is from credit sales. 80% of purchases are on credit terms. What is the trade payables turnover?
A23 days
B28 days
C35 days
D45 days
✓ Correct Answer
The correct answer is C. This question tests the candidate's understanding of analysis and interpretation of financial statements 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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