A-LevelAccountingAnalysis and communication of accounting information9706/12 · May/June 2025 · Q211 Mark
A company had the following balances at 31 December. inventory $31000 trade receivables $88000 allowance for irrecoverable debts $2000 bank overdraft $9000 cash in hand $5000 The current ratio is 2.5:1. What was the value of trade payables at 31 December?
A$38 600
B$39800
C$40600
D$57 800
✓ Correct answer
B: $39800
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