O-LevelAccountingAnalysis and interpretation7707/12 · Oct/Nov 2012 · Q261 Mark

Donald's rate of inventory turnover was 10 times. The inventory on 1 January was $800 and the inventory on 31 December was $1000. What were his purchases?

A$8800

B$9000

C$9200

D$10 800

✓ Correct answer

C: $9200

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Topic: Analysis and interpretation, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, Oct/Nov 2012 Paper 1 Variant 2, question 26.

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