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O-LevelAccountingPreparation of financial statements7707/11 · May/June 2013 · Q201 Mark

Sabena is a trader. She provided the following information. | | $ | |---|---| | current assets | 130000 | | non-current assets | 300000 | | current liabilities | 70000 | | non-current liabilities | 150000 | What was the equity?

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A$60000
B$210000
C$360000
D$430000

✓ Correct answer

B: $210000

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About this question

Topic
Preparation of financial statements, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source
O-Level Accounting, May/June 2013 Paper 1 Variant 1, question 20.

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