Interested parties — Paper 1 · IGCSE Accounting (9-1) 0985

32 Which user of accounting statements is interested in past performance and taking remedial action where necessary? A government B investors C managers D suppliers

1 marks

Answer: C

This question in 0985/11 May/June 2020

2 How does a trader use the information provided by financial statements? A to calculate the amount of cash drawings taken B to calculate the amount that is owed by trade receivables C to check the balance shown on a bank statement D to compare the business performance over a number of years

1 marks

Answer: D

This question in 0985/12 May/June 2020

32 Which external parties would be interested in the accounting ratios of a business? A government B investors C managers D tax authorities

1 marks

Answer: B

This question in 0985/12 May/June 2020

32 Which interested party uses the financial statements of a business to assess current performance and plan for future activities? A banks B employees C government D managers

1 marks

Answer: D

This question in 0985/12 Oct/Nov 2020

32 Which external parties would be interested in the financial statements of a trader? 1 a bank manager considering a request by the trader for a loan 2 a trade union seeking a wage increase for the employees 3 the business manager making decisions about how to increase profits 4 the trader deciding if drawings could be increased A 1, 3 and 4 B 1 and 2 only C 2, 3 and 4 D 2 and 3 only

1 marks

Answer: B

This question in 0985/11 May/June 2021

33 Why would a bank manager be interested in the financial statements of a business? A to calculate and assess the trade payables turnover B to check that the correct amount of tax is being paid C to ensure that employees are being paid the correct hourly rate D to ensure that funds are sufficient to cover loan interest

1 marks

Answer: D

This question in 0985/12 May/June 2022

1 Why does the accountant of a business analyse its financial statements? A to provide information for the customers B to provide information for the government C to provide information for the managers D to provide information for the suppliers

1 marks

Answer: C

This question in 0985/11 May/June 2023

35 Jack is a shareholder in a company. He received the company’s financial statements. Why did he find the financial statements relevant? A He was confident that they did not contain errors. B The financial information was clearly presented. C The same depreciation methods had been used as in previous years. D They confirmed his expectations about the future of the company.

1 marks

Answer: D

This question in 0985/12 Oct/Nov 2023

1 How does a trader use the information provided by financial statements? A to calculate the amount of cash drawings taken B to calculate the amount that is owed by trade receivables C to check the balance shown on a bank statement D to compare the business performance over a number of years

1 marks

Answer: D

This question in 0985/12 May/June 2024

33 Who would be interested in the value of non-current assets which a business has available as security? A bank manager B credit customers C employees and trade unions D government departments

1 marks

Answer: A

This question in 0985/12 Oct/Nov 2024

33 Maluti has a trading business that has a bank overdraft and makes a profit. Why would the government be most interested in the financial statements of Maluti? A to compile business statistics B to estimate trade payable days for Maluti C to plan remedial action where necessary D to see whether Maluti can repay his debts when due

1 marks

Answer: A

This question in 0985/12 May/June 2025