Subsection 3.1. Preparation of financial statements for Accounting, A Level - revisedeck

3.1. Preparation of financial statements

A subsection of Accounting, 9706, through 3. Financial accounting (A Level)

Listing 10 of 678 questions

A business owner provided the following information at the end of his first year of trading. $ closing inventory total payments to suppliers amount owing to suppliers total receipts from customers amount owed by customers What was the gross profit for the year?

9706_w24_qp_11

MCQ

2024

Paper 1, Variant 1

View

The following information is provided for a company for the financial year ended 31 March. $ revenue administrative expenses finance costs distribution costs dividend paid There were no other expenses for this period. The company adds a uniform mark-up of 25% on all goods sold. What was the profit from operations for the year ended 31 March?

9706_w24_qp_11

MCQ

2024

Paper 1, Variant 1

View

A sole trader’s statement of profit or loss shows the following information. $ opening inventory operating expenses profit for the year Closing inventory is 10% less than opening inventory. All goods sold are marked up by 50%. What were the purchases for the year?

9706_w24_qp_12

MCQ

2024

Paper 1, Variant 2

View

Why does a business have a higher gross profit margin than its rivals?

9706_s15_qp_11

MCQ

2015

Paper 1, Variant 1

View

What will result in an increase in the margin of safety for a business?

9706_s18_qp_13

MCQ

2018

Paper 1, Variant 3

View

What should not be a reason for business planning?

9706_s18_qp_13

MCQ

2018

Paper 1, Variant 3

View

Which statements about limited companies are correct?

9706_w18_qp_11

MCQ

2018

Paper 1, Variant 1

View

Which financial information is not available for potential shareholders of a limited company?

9706_w20_qp_12

MCQ

2020

Paper 1, Variant 2

View

Questions Discovered

678