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O-LevelAccountingAccounting procedures7707/11 · Oct/Nov 2013 · Q61 Mark

LWS Ltd expects to have a short-term financial crisis lasting for one month. Which type of finance should be arranged?

Abank loan
Bbank overdraft
Cissue of debentures
Dissue of shares

✓ Correct answer

B: bank overdraft

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About this question

Topic
Accounting procedures, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source
O-Level Accounting, Oct/Nov 2013 Paper 1 Variant 1, question 6.

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