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O-LevelAccountingThe fundamentals of accounting7707/11 · May/June 2025 · Q251 Mark

A club included the balance on its accumulated fund in its statement of financial position. What is the equivalent of the accumulated fund in a statement of financial position of a sole trader?

Acapital
Bcapital and liabilities
Ccurrent liabilities
Dnon-current assets

✓ Correct answer

A: capital

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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 2025 Paper 1 Variant 1, question 25.

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