A-LevelAccountingPreparation of financial statements9706/12 · Oct/Nov 2017 · Q191 Mark

A company provides the following data on 1 January 2016. [Table: 10% debentures (2020) $200000, bank loan (2017) $130000, bank loan (2018) $10000, bank overdraft $24000] What is the total value of non-current liabilities at 31 December 2016?

A$154000

B$210000

C$340 000

D$364000

✓ Correct answer

B: $210000

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Topic: Preparation of financial statements, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source: A-Level Accounting, Oct/Nov 2017 Paper 1 Variant 2, question 19.

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