Accounting Multiple Choice Question – 28 September 2022

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

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The table shows an extract from a company’s final accounts:

  • purchases – £28,000
  • cost of sales – £24,000
  • creditors – £4,200
  • accruals – £1,100

What is the trade payables days collection period for the year?

Select ONE answer:

  1. 55 days
  2. 64 days
  3. 69 days
  4. 81 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 1

  1. Correct – (£4,200 / £28,000) * 365 days
  2. Not correct
  3. Not correct
  4. Not correct

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