O-LevelAccountingAccounting principles and policies7707/12 · May/June 2024 · Q341 Mark

Ralph wants to compare the accounting ratios for his business with the accounting ratios of his brother's business. What would prevent Ralph from making a meaningful comparison?

AThe businesses buy from different suppliers.

BThe businesses have different selling prices.

CThe businesses present their ledger accounts differently.

DThe businesses use different accounting policies.

✓ Correct answer

D: The businesses use different accounting policies.

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Topic: Accounting principles and policies, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, May/June 2024 Paper 1 Variant 2, question 34.

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Ralph wants to compare the accounting ratios for his business with the accounting ratios of his brother's business. What would prevent Ralph from making a meaningful comparison?

✓ Correct answer

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About this question

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