O-LevelAccountingAccounting procedures7707/11 · May/June 2021 · Q281 Mark

A trader provided the following information. $ revenue 120000 inventory at the start of the year 9600 inventory at the end of the year 10200 A mark-up of 25% is applied. What were the purchases for the year?

A$89400

B$90600

C$95400

D$96600

✓ Correct answer

D: $96600

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Topic: Accounting procedures, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, May/June 2021 Paper 1 Variant 1, question 28.

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