A-LevelAccountingPreparation of financial statements9706/12 · Oct/Nov 2009 · Q301 Mark

The table shows balances at the end of a year. $ expenses prepaid 6 000 expenses accrued 4 000 bank overdraft 11 500 trade creditors 13 400 trade debtors 10 500 loan (2015) 20 000 What is the total of current liabilities?

A$16 500

B$17 400

C$28 900

D$48 900

✓ Correct answer

C: $28 900

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Topic: Preparation of financial statements, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source: A-Level Accounting, Oct/Nov 2009 Paper 1 Variant 2, question 30.

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