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Accounting Paper 1, November 2024, question 2.3.2

Accounting P1 · Analysis and interpretation
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Cost of sales for the year: R4 200 000 Stock (inventory) on 1 March 2024: R140 000 Stock (inventory) on 28 February 2025: R160 000
2.3.24 marks
Calculate the stock turnover rate of Lindani Traders for the year ended 28 February 2025. Show your workings and give the answer as a number of times, correct to one decimal place where necessary.

NSCBased on Nov 2024 · Paper 1 · Q2.3.2

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A correct answer earns full marks. If it’s wrong, your workings are marked.
Free. Your first 3 marks need no account.

What examiners found

For the stock turnover rate, candidates used the stockholding period formula, copied the formula wrongly, or left out average stock.

In our words. Source: Department of Basic Education, NSC 2024 Diagnostic Report, Part 1 (Book 1), Q2.3.

Updated