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O-LevelAccountingThe fundamentals of accounting7707/11 · Oct/Nov 2015 · Q11 Mark

A business provided the following information. $ inventory 2880 bank overdraft 750 trade receivables 1600 trade payables 1950 loan from bank 2000 loan to employee 150 other payables 70 other receivables 130 What was the total of the liabilities?

A$4420
B$4770
C$4830
D$4920

✓ Correct answer

B: $4770

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About this question

Topic
The fundamentals of accounting, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source
O-Level Accounting, Oct/Nov 2015 Paper 1 Variant 1, question 1.

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