A-LevelAccountingFinancial Statements AnalysisMay/June 2025Paper 1 Q211 Mark
A company had the following balances at 31 December. inventory $31000 trade receivables $88000 allowance for irrecoverable debts $2000 bank overdraft $9000 cash in hand $5000 The current ratio is 2.5:1. What was the value of trade payables at 31 December?
A$38 600
B$39800
C$40600
D$57 800
✓ Correct Answer
The correct answer is B. This question tests the candidate's understanding of financial statements analysis 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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