O-LevelAccountingPreparation of financial statements7707/12 · Oct/Nov 2019 · Q251 Mark

The statement of financial position of a sports club included the following. $ subscriptions in advance 100 subscriptions in arrears 130 bank 790 debit inventory of refreshments 320 amounts owing to suppliers 200 What was the total of current liabilities?

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A$300

B$330

C$1090

D$1240

✓ Correct answer

A: $300

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Topic: Preparation of financial statements, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, Oct/Nov 2019 Paper 1 Variant 2, question 25.

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The statement of financial position of a sports club included the following. $ subscriptions in advance 100 subscriptions in arrears 130 bank 790 debit inventory of refreshments 320 amounts owing to suppliers 200 What was the total of current liabilities?

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