O-LevelAccountingThe fundamentals of accounting7707/12 · Oct/Nov 2023 · Q201 Mark

A trader has capital of $24400. His non-current assets are $16100 and his current liabilities are $4500. There are no non-current liabilities. What is the amount of his current assets?

A$8300

B$11600

C$12800

D$28 900

✓ Correct answer

C: $12800

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Topic: The fundamentals of accounting, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, Oct/Nov 2023 Paper 1 Variant 2, question 20.

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