A-LevelAccountingFinancial Statements AnalysisOct/Nov 2010Paper 1 Q151 Mark
A company has the following current assets and current liabilities. [Table showing bank deposit account $6 000, bank overdraft $4 500, loan interest payable $2 500, deposits from customers (for orders) $1 500, loans to employees $4 000, trade payables (creditors) $9 000, trade receivables (debtors) $12 000] What is the amount of the net current assets?
A$(3500)
B$4500
C$7500
D$13 500
✓ Correct Answer
The correct answer is B. This question tests the candidate's understanding of financial statements analysis within the Accountingsyllabus. The examiner's mark scheme requires...
📋 Examiner Report & Trap Analysis
Common mistake: 62% of candidates selected the distractor because they confused... The examiner specifically designed this question to test whether students can differentiate between... To secure full marks, candidates must demonstrate...
🔒
Unlock the Examiner's Answer
Sign up for free to reveal the correct answer, the official mark scheme breakdown, and the examiner trap analysis for this question.
Sign Up Free to Unlock →Join thousands of Cambridge students already using Oracle Prep