O-LevelAccountingThe fundamentals of accounting7707/12 · Oct/Nov 2012 · Q21 Mark

Sara had the following assets and liabilities on 1 August 2012. non-current assets $44 000 non-current liabilities $10 000 inventory $1 500 trade payables $3 300 trade receivables $2 600 What was Sara's capital?

This question uses a diagram from the original paper, which isn't shown here. Open the full paper from the past papers archive to see it.

A$34 800

B$36 200

C$44 800

D$46 200

✓ Correct answer

A: $34 800

Practise more questions on this topic

Oracle Prep sorts past-paper questions by topic, so you can drill The fundamentals of accounting and see which topics are most likely to come up next.

About this question

Topic: The fundamentals of accounting, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, Oct/Nov 2012 Paper 1 Variant 2, question 2.

Questions and mark schemes are from past examination papers and remain the copyright of the exam board. How Oracle Prep builds its content

Sara had the following assets and liabilities on 1 August 2012. non-current assets $44 000 non-current liabilities $10 000 inventory $1 500 trade payables $3 300 trade receivables $2 600 What was Sara's capital?

✓ Correct answer

Practise more questions on this topic

About this question

Related Accounting questions