A-LevelAccountingFinancial Ratios and Financial Statements AnalysisOct/Nov 2011Paper 1 Q211 Mark
The following items appear on a balance sheet. inventory $ 20 000 balance at bank 2 000 cash in hand 1 500 trade payables 11 000 provision for doubtful debts 500 The current ratio is 3 : 1. How much do the trade receivables owe?
A$9 500
B$10 000
C$12 000
D$12 500
✓ Correct Answer
The correct answer is B. This question tests the candidate's understanding of financial ratios and 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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