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O-LevelAccountingThe fundamentals of accounting7707/11 · Oct/Nov 2019 · Q31 Mark

A trader provided the following information. $ trade payables 2990 trade receivables 3120 bank 230 credit bank loan 5000 commission receivable accrued 110 rent receivable prepaid 140 wages accrued 440 What was the total of the liabilities?

A$8570
B$8660
C$8680
D$8800

✓ Correct answer

D: $8800

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About this question

Topic
The fundamentals of accounting, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source
O-Level Accounting, Oct/Nov 2019 Paper 1 Variant 1, question 3.

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