O-LevelAccountingAnalysis and interpretation7707/11 · May/June 2017 · Q281 Mark

Winston provided the following information on 30 April 2017. capital at 1 May 2016 42000 profit for the year 6000 current liabilities 2000 current assets 7000 10 year loan (received 1 May 2014) 12000 What was the profit for the year as a percentage of opening capital employed?

A10%

B11.11%

C12.5%

D14.29%

✓ Correct answer

B: 11.11%

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 2017 Paper 1 Variant 1, question 28.

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

A business had the following assets and liabilities. $ inventory 11 000 trade receivables 39 000 bank overdraft 8 000…

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…

Wayne has sent the following business documents to Len, a customer. $ Jan 1 invoice 250 Jan 12 invoice 370 Jan 14 cr…

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…