A-LevelAccountingAnalysis and Interpretation of Financial Statements (Ratios)Oct/Nov 2012Paper 1 Q211 Mark
A company has the following year end information. $000 credit purchases 210 credit sales 630 total purchases 280 total sales 840 trade payables 30 trade receivables 80 How long do the company's credit customers take to pay?
A35 days
B39 days
C47 days
D52 days
✓ Correct Answer
The correct answer is C. This question tests the candidate's understanding of analysis and interpretation of financial statements (ratios) 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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