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O-LevelAccountingAnalysis and interpretation7707/11 · May/June 2013 · Q11 Mark

A trader prepares financial statements each year. What do these assist the trader to do?

Acalculate the amount owing to creditors
Bcalculate the cash drawings
Ccheck the bank statement balance
Dmake decisions about the future

✓ Correct answer

D: make decisions about the future

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About this question

Topic
Analysis and interpretation, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source
O-Level Accounting, May/June 2013 Paper 1 Variant 1, question 1.

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