O-LevelAccountingPreparation of financial statements7707/12 · Oct/Nov 2017 · Q191 Mark

David provided the following information. Capital employed $435000 Non-current assets $200000 Current liabilities $124000 What was the total of his current assets?

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A$235000

B$359 000

C$559000

D$759000

✓ Correct answer

B: $359 000

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Topic: Preparation of financial statements, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, Oct/Nov 2017 Paper 1 Variant 2, question 19.

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David provided the following information. Capital employed $435000 Non-current assets $200000 Current liabilities $124000 What was the total of his current assets?

✓ Correct answer

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