O-LevelAccountingAnalysis and interpretation7707/11 · May/June 2010 · Q181 Mark

Simi had the following assets and liabilities. $ inventory (stock) 6300 trade receivables (debtors) 5000 cash 800 trade payables (creditors) 3200 loan repayable in 2021 7100 bank overdraft 1300 What was the working capital?

A$500

B$7600

C$14 700

D$23 700

✓ Correct answer

B: $7600

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Topic: Analysis and interpretation, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, May/June 2010 Paper 1 Variant 1, question 18.

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