Accounting Multiple Choice Question – 28 September 2022

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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