O-LevelAccountingAnalysis and interpretation7707/11 · Oct/Nov 2017 · Q11 Mark

What would be the most useful way of monitoring the progress of a retail business?

Acomparing the financial statements of one year with those of previous years

Bcomparing the financial statements with those of a business in another country

Ccomparing the financial statements with those of a business of a different size

Dcomparing the financial statements with those of a manufacturing business

✓ Correct answer

A: comparing the financial statements of one year with those of previous years

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Topic: Analysis and interpretation, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, Oct/Nov 2017 Paper 1 Variant 1, question 1.

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