A-LevelAccountingPreparation of financial statements9706/12 · May/June 2020 · Q151 Mark
How is unpaid debenture interest recorded in the financial statements of a company at the year end? 1 a current liability in the statement of financial position 2 a non-current liability in the statement of financial position 3 an expense in the income statement 4 an item in the statement of changes in equity
A1 and 3
B1 only
C2 and 3
D2 and 4
✓ Correct answer
A: 1 and 3
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