gce 2022 advanced level south west regional mock examination accounting 1
gce 2022 advanced level south west regional mock examination accounting 1
23. Financial ratios calculated for the year ended
31/12/2018 is as follows:
Gross profit to sales ratio: 20%
Stock turnover ratio: 10 times
Gross profit: 2,500,000 CFAF
Credit sales’:1,500,000 CFAF and trade debtors
are 2% of turnover.
The turnover is:
A 1,250,000 CFAF
B 12,500,000 CFAF
12,000,000 CFAF
D 3,000,000CFAF
18. Which of the following will appear on the
statement of financial position as a current asset?
A Accrued expenses
B Prepaid expenses
C Furniture and equipment
D Revenue in advanced C
19. An extract of trial balance of A & Co. Ltd as at
31/12/2018 shows in (000 CFAF):
Fixed assets:..
Current asset:
Current liabilities:
24. Using the information in question 23 above, the
debtors’ collection period is:
A 42 days
B 40 days
C 61 days
D 60 days .
30,000 CFAF
126,000 CFAF
24,252 CFAF. ;
The working capital and capital employed is:
A 156,000 CFAF and 131,748 CFAF
B 101,748 CFAF and 131,748 CFAF
C 5,748 CFAF and 101, 748 CFAF
