Accounting 9706 · AS & A Level · Preparation of financial statements

Preparation of financial statements — practice question

A business supplies the following figures: accrued expenses $9350$, accrued income $24750$, prepaid expenses $14250$, prepaid income $32650$. What is the total amount that should be shown under current liabilities?

  • A$34100
  • B$39000
  • C$42000
  • D$46900

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