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A-LevelAccountingPreparation of financial statements9706/12 · Oct/Nov 2016 · Q91 Mark

A company pays or receives the following amounts on the last day of its financial year. $ deposit paid to a supplier 6500 rental income received in advance 8000 loan repayment 3000 payment for last month's sales commission 900 Which of these amounts will be included as other receivables in the statement of financial position?

A$6500
B$14500
C$17500
D$18400

✓ Correct answer

A: $6500

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About this question

Topic
Preparation of financial statements, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source
A-Level Accounting, Oct/Nov 2016 Paper 1 Variant 2, question 9.

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