A-LevelAccountingPreparation of financial statements9706/12 · Oct/Nov 2013 · Q11 Mark

The following information is taken from a trader's statement of financial position. $ non-current assets 80000 capital at start of year 75000 drawings 16000 profit for the year 13000 non-current liability 6000 current assets 12700 What is the amount of trade payables?

A$8700

B$11700

C$14700

D$26700

✓ Correct answer

C: $14700

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Topic: Preparation of financial statements, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source: A-Level Accounting, Oct/Nov 2013 Paper 1 Variant 2, question 1.

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