A-LevelAccountingAnalysis and communication of accounting information9706/12 · Oct/Nov 2010 · 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
B: $4500
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