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O-LevelAccountingThe fundamentals of accounting7707/12 · Oct/Nov 2024 · Q211 Mark

A business provided the following information. long-term loan 20 000 trade receivables 12000 trade payables 9700 bank overdraft 2000 prepaid insurance 400 accrued wages 1000 rental income prepaid 500 What was the total of the current liabilities?

A$13200
B$15400
C$31200
D$32700

✓ Correct answer

A: $13200

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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 2024 Paper 1 Variant 2, question 21.

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