O-LevelAccountingAnalysis and interpretation7707/12 · May/June 2014 · Q271 Mark

LS Limited provided the following information. $ sales 470000 cost of sales 240 000 expenses 90 000 What was the profit for the year as a percentage of sales?

A29.79%

B48.94%

C68.09%

D80.85%

✓ Correct answer

A: 29.79%

Oracle Prep sorts past-paper questions by topic, so you can drill Analysis and interpretation and see which topics are most likely to come up next.

Topic: Analysis and interpretation, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, May/June 2014 Paper 1 Variant 2, question 27.

Questions and mark schemes are from past examination papers and remain the copyright of the exam board. How Oracle Prep builds its content

A trader provided the following information. $ $ revenue 60 000 opening inventory 15 000 purchases 30 000 45 000 clos…

Ashok provided the following information for the year ended 31 March 2012: $ Revenue (sales) 120 000 Inventory 1 Apr…

Jones is a trader, buying and selling goods on credit. The following balances were available on 30 April 2012. Capita…

Which document is issued to a customer to show all the transactions that have taken place during a month?

Hassan maintains a sales journal, purchases journal, sales returns journal and a purchases returns journal. At the e…

Jane, a trader, withdrew $50 from the business bank account for office use. How is this recorded in Jane's books?