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

Preparation of financial statements — practice question

At the close of its financial year, a company makes or receives the following amounts. deposit paid to a supplier: 6500 rental income received in advance: 8000 loan repayment: 3000 payment for sales commission from last month: 900 Which of these amounts should appear as other receivables in the statement of financial position?

  • A$6500
  • B$14500
  • C$17500
  • D$18400

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