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

Preparation of financial statements — practice question

A company had these assets and liabilities at 31 December 2018: trade receivables: $30000$ trade payables: $12600$ short-term bank deposit: $8800$ bank loan repayable on 1 May 2019: $20000$ bank loan interest unpaid: $500$ motor vehicle: $9400$ What amount of working capital was there?

  • A$5700$
  • B$6200$
  • C$15100$
  • D$25700$

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