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O-LevelAccountingThe fundamentals of accounting7707/11 · May/June 2017 · Q21 Mark

A trader provides the following information. equipment 10000 inventory 4000 trade receivables 2500 trade payables 3500 insurance prepaid 100 rent owing 200 bank overdraft 1500 What is the total of the assets?

A$16600
B$16700
C$17600
D$18 100

✓ Correct answer

A: $16600

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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, May/June 2017 Paper 1 Variant 1, question 2.

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