A-LevelAccountingPreparation of financial statements9706/12 · May/June 2018 · Q131 Mark

The following summarised information has been taken from the statement of financial position of a partnership. non-current assets $42000 capital accounts 36000 current accounts (debit) 6000 current liabilities 8000 non-current liabilities 15000 What is the value of current assets?

A$5000

B$6000

C$11000

D$23000

✓ Correct answer

C: $11000

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Topic: Preparation of financial statements, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source: A-Level Accounting, May/June 2018 Paper 1 Variant 2, question 13.

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