A-LevelAccountingAnalysis and communication of accounting information9706/12 · Oct/Nov 2013 · Q231 Mark
The trade receivables turnover for a company was 100 days in 2011. This reduced to 80 days in 2012, with no change in the sales revenue. Which statement explains this change?
ACredit customers are paying earlier.
BCredit customers are paying later.
CCredit suppliers are being paid earlier.
DCredit suppliers are being paid later.
✓ Correct answer
A: Credit customers are paying earlier.
Practise more questions on this topic
Oracle Prep sorts past-paper questions by topic, so you can drill Analysis and communication of accounting information and see which topics are most likely to come up next.
Sign up free →