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A-LevelAccountingPreparation of financial statements9706/12 · Oct/Nov 2021 · Q181 Mark

The table shows equity and liabilities of a company at 31 December 2020. $Ordinary share capital: 750 000 6% Debentures (2030): 150000 Bank loan (repayable 2024): 75000 Bank overdraft: 110000 Mortgage on buildings (repayable 2021): 120 000 What is the total of non-current liabilities in the statement of financial position at 31 December 2020?

A$195000
B$225000
C$270000
D$345000

✓ Correct answer

B: $225000

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About this question

Topic
Preparation of financial statements, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source
A-Level Accounting, Oct/Nov 2021 Paper 1 Variant 2, question 18.

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