O-LevelAccountingPreparation of financial statements7707/12 · May/June 2018 · Q181 Mark

A business has no non-current liabilities. What is added to the non-current assets in order to calculate the capital employed?

Acurrent assets

Bcurrent liabilities

Cowner's capital

Dworking capital

✓ Correct answer

D: working capital

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Topic: Preparation of financial statements, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, May/June 2018 Paper 1 Variant 2, question 18.

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