A business has the following trading accounts: Year ended Year ended 31 October 20X8 31 October 20X9
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A business has the following trading accounts: Year ended Year ended 31 October 20X8 31 October 20X9 $’000 $’000 $’000 $’000 Sales 2 000 2 650 Less: cost of sales Opening inventories 75 85 Purchases 1 260 1 330 1 335 1 415 Less: closing inventories 85 115 1250 1 300 Gross profit 750 1 350 During the year ended 31 October 20X9, inventories days, compared with that for the year ended 31 October 20X8, have: (A) increased, with a possible beneficial effect on liquidity. (B) increased, with a possible detrimental effect on liquidity. (C) decreased, with a possible detrimental effect on liquidity. (D) decreased, with a possible beneficial effect on liquidity.
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Kirti Kaushal
Having experience of more than 10 years is good enough to coach my students. Currently, I am working as an active supervisor of ACCA students. In my career, I helped students in financial accounting, management accounting, cost accounting, financial reporting, taxation, and audit. I also helped students publish their articles or papers in good journals. I also helped students with thesis and objective writing.
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Related Book For 
Fundamentals Of Financial Accounting
ISBN: 978-0750680813
1st Edition
Authors: Henry Lunt, Walter Allan
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