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

Preparation of financial statements — practice question

On 1 January 2016, a company gives the following figures: $10\%$ debentures (2020) $200\,000$; bank loan (2017) $130\,000$; bank loan (2018) $10\,000$; bank overdraft $24\,000$. What is the total amount of non-current liabilities at 31 December 2016?

  • A$154\,000$
  • B$210\,000$
  • C$340\,000$
  • D$364\,000$

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