A-LevelAccountingCompany AccountsOct/Nov 2013Paper 1 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
The correct answer is A. This question tests the candidate's understanding of company accounts within the Accountingsyllabus. The examiner's mark scheme requires...
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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...
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