Accounting 9706 · AS & A Level · Analysis and communication of accounting information

Analysis and communication of accounting information — practice question

The following items are shown in a statement of financial position. Inventory: $20000$ Balance at bank: $2000$ Cash in hand: $1500$ Trade payables: $11000$ Provision for doubtful debts: $500$ The current ratio is $3:1$. What amount do the trade receivables owe?

  • A$9500$
  • B$10000$
  • C$12000$
  • D$12500$

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