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O-LevelAccountingAnalysis and interpretation7707/12 · May/June 2022 · Q331 Mark

Why would a bank manager be interested in the financial statements of a business?

Ato calculate and assess the trade payables turnover
Bto check that the correct amount of tax is being paid
Cto ensure that employees are being paid the correct hourly rate
Dto ensure that funds are sufficient to cover loan interest

✓ Correct answer

D: to ensure that funds are sufficient to cover loan interest

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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 2022 Paper 1 Variant 2, question 33.

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