A-LevelAccountingPreparation of financial statements9706/12 · May/June 2011 · Q131 Mark

The following summarised information has been taken from the balance sheet of a partnership. $ non-current assets 42 000 capital accounts 36 000 current accounts (debit) 5 000 current liabilities 7 000 non-current liabilities 15 000 What is the amount of current assets?

A$6000

B$11 000

C$17 000

D$21 000

✓ Correct answer

B: $11 000

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Topic: Preparation of financial statements, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source: A-Level Accounting, May/June 2011 Paper 1 Variant 2, question 13.

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