O-LevelAccountingPreparation of financial statements7707/11 · Oct/Nov 2015 · Q161 Mark
How are current liabilities calculated?
Anon-current assets + current assets + capital owned + non-current liabilities
Bnon-current assets + current assets – capital owned – non-current liabilities
Cnon-current assets – current assets + capital owned + non-current liabilities
Dnon-current assets – current assets – capital owned – non-current liabilities
✓ Correct answer
B: non-current assets + current assets – capital owned – non-current liabilities
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