A-LevelAccountingPreparation of financial statements9706/12 · May/June 2015 · Q71 Mark
The table shows information for a business at 31 March in Year 1. $ inventory 16 100 trade payables 5200 other payables 2000 The information excludes the purchase of $3700 of goods. These goods were delivered on 31 March Year 1, but the invoice states that legal title to the goods does not pass until payment is received. Which values should appear in the statement of financial position on 31 March Year 1?
A16 100 5200 2000
B16 100 5200 5700
C19800 5200 5700
D19800 8900 2000
✓ Correct answer
D: 19800 8900 2000
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