A-LevelAccountingPreparation of financial statements9706/12 · Oct/Nov 2013 · Q221 Mark

The table shows extracts from the trial balance of a business at 31 December 2012. $ ordinary share capital 20000 share premium 40000 long-term loan (repayable 2022) 30000 bank overdraft 60000 4% non-redeemable preference share capital 50000 7% debentures 2017 70000 What is the total of non-current liabilities in the statement of financial position?

A$100000

B$150000

C$160000

D$210000

✓ Correct answer

A: $100000

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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 22.

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