A-LevelAccountingAnalysis and communication of accounting information9706/12 · May/June 2020 · Q191 Mark

The following items appear on a statement of financial position. [Table with 'inventory' $20000, 'cash and cash equivalents' $3500, 'trade payables' $11000, 'provision for doubtful debts' $500] The current ratio is 3:1. How much do the trade receivables owe?

A$9500

B$10000

C$12000

D$12500

✓ Correct answer

B: $10000

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Topic: Analysis and communication of accounting information, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source: A-Level Accounting, May/June 2020 Paper 1 Variant 2, question 19.

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The following items appear on a statement of financial position. [Table with 'inventory' $20000, 'cash and cash equivalents' $3500, 'trade payables' $11000, 'provision for doubtful debts' $500] The current ratio is 3:1. How much do the trade receivables owe?

✓ Correct answer

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