O-LevelAccountingAnalysis and interpretation7707/11 · May/June 2021 · Q321 Mark

Which external parties would be interested in the financial statements of a trader? 1 a bank manager considering a request by the trader for a loan 2 a trade union seeking a wage increase for the employees 3 the business manager making decisions about how to increase profits 4 the trader deciding if drawings could be increased

A1, 3 and 4

B1 and 2 only

C2, 3 and 4

D2 and 3 only

✓ Correct answer

B: 1 and 2 only

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Topic: Analysis and interpretation, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, May/June 2021 Paper 1 Variant 1, question 32.

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