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O-LevelAccountingAnalysis and interpretation7707/11 · May/June 2020 · Q291 Mark

A trader provided the following information. $ for the year ended 31 March 2020 revenue 250 000 purchases: cash 125 000 credit 115000 at March 2020 trade payables 9765 What was the trade payables turnover?

A14 days
B15 days
C29 days
D31 days

✓ Correct answer

D: 31 days

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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 2020 Paper 1 Variant 1, question 29.

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