A-LevelAccountingAnalysis and communication of accounting information9706/12 · Oct/Nov 2011 · Q211 Mark
The following items appear on a balance sheet. inventory $ 20 000 balance at bank 2 000 cash in hand 1 500 trade payables 11 000 provision for doubtful debts 500 The current ratio is 3 : 1. How much do the trade receivables owe?
A$9 500
B$10 000
C$12 000
D$12 500
✓ Correct answer
B: $10 000
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