O-LevelAccountingAnalysis and interpretation7707/11 · Oct/Nov 2014 · Q191 Mark

A trader provided the following information. non-current assets $40000 inventory $10000 trade receivables $8000 cash at bank $15000 trade payables $20000 long-term loan $12000 What was the working capital?

A$1000

B$13000

C$41000

D$53000

✓ Correct answer

B: $13000

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Topic: Analysis and interpretation, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, Oct/Nov 2014 Paper 1 Variant 1, question 19.

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