O-LevelAccountingThe fundamentals of accounting7707/12 · May/June 2012 · Q221 Mark

A trader provided the following information. $ non-current assets 25 000 current assets 12 000 current liabilities 9 000 non-current liabilities 10 000 What was the capital employed?

A$18 000

B$28 000

C$38 000

D$56 000

✓ Correct answer

B: $28 000

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Topic: The fundamentals of accounting, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, May/June 2012 Paper 1 Variant 2, question 22.

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