(a)[2]
Define trade receivables.
(b)[3]
Explain one reason why a business may need finance.
Business 9609 · AS & A Level · Business finance
Business finance — practice question
Worked solution & mark scheme
This 5-mark question has a full step-by-step worked solution and mark scheme. One marking point: “Clear understanding: Trade receivables are the sums owed by a business's customers/debtors for goods or services supplied on credit but not yet paid for (the total invoiced to customers for delivered goods/services still awaiting payment).” …
- Full mark scheme, point by point
- Step-by-step worked solution
- Write your answer & get it marked instantly by AI