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?

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

The correct answer is C: 47 days.

Q: What topic does this question test?

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

A35 days

B39 days

C47 days

D52 days

✓ Correct Answer

The correct answer is C: 47 days

📋 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 (Ratios) in A-Level Accounting (syllabus code 9706). It is worth 1 mark.

Source

This question appeared in the Cambridge A-Level Accounting Oct/Nov 2012 examination, Paper 1 Variant 2.

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