Accounting Multiple Choice Question – 30 December 2020

The following information is available for a business.

What is the creditors’ payment period?

Select ONE answer:

1. 40 days
2. 43 days
3. 47 days
4. 54 days

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 3

1. Not correct
2. Not correct
3. Correct – (186 / 24) * 365
4. Not correct

This work is licensed under a Creative Commons Attribution 4.0 International License.