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Hi Sir,
Hope you are well.
I’m a bit confused about the answer given for question (a) (ii) in this one. They ask to calculate overdraft expected at the end of Jan 20X7 only, which we can directly calculate from the information provided.
But the answer had 2.5 points for calculating inventory, trade receivables and trade payables at end of Jan 20X7. How are these related to the question please? And if just calculate the amounts to be received & paid during Jan and the overdraft, does it mean I will only get 1.5 on this?
Thank you so much.
The examiners answer is odd in that, as you say, these figures are not needed for part (a) (ii). However they are needed for part (a) (iii).
The marking guide is only a guide for the markers. If you get the correct overdraft for part (a) (ii) then you would get the full 4 marks however you did the workings.
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