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O-LevelAccountingPreparation of financial statements7707/11 · May/June 2021 · Q191 Mark

A business provided the following information. $ long-term loan 20000 trade receivables 12000 trade payables 9700 bank overdraft 2000 prepaid insurance 400 accrued wages 1000 rent receivable prepaid 500 What was the total of the current liabilities?

A$13200
B$15400
C$31200
D$32700

✓ Correct answer

A: $13200

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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 2021 Paper 1 Variant 1, question 19.

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