A-LevelAccountingAnalysis and Interpretation of Financial StatementsOct/Nov 2013Paper 1 Q241 Mark
A company provides the following information. $ trade payables at start of year 38000 trade payables at end of year 49000 payments to credit suppliers 210000 cost of sales 250000 What was the trade payables turnover?
A72 days
B81 days
C86 days
D90 days
✓ Correct Answer
The correct answer is B. This question tests the candidate's understanding of analysis and interpretation of financial statements 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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