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

Preparation of financial statements — practice question

At the end of a financial period, a business had these assets and liabilities. 1 non-current assets at carrying value 2 current assets 3 non-current liabilities 4 current liabilities How is the capital of the business worked out?

  • A1 + 2 + 3 + 4
  • B1 - 2 - 3 + 4
  • C1 + 2 - 3 - 4
  • D1 - 2 + 3 - 4

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