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O-LevelAccountingPreparation of financial statements7707/12 · Oct/Nov 2021 · Q181 Mark

What is shown in the capital and liabilities section of a statement of financial position of a business?

Ahow the resources are being used by the business
Bthe working capital of the business
Ctotal amounts owed by and to the business
Dwhere the resources of the business have come from

✓ Correct answer

D: where the resources of the business have come from

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About this question

Topic
Preparation of financial statements, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source
O-Level Accounting, Oct/Nov 2021 Paper 1 Variant 2, question 18.

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