Accounting 0452 · IGCSE · Other payables and other receivables

Other payables and other receivables — practice question

A trader was drawing up her statement of financial position at 30 June 2021. She had four bank loans. Loan details: 1 repayable 1 December 2021 $5000 2 repayable 1 December 2022 $10000 3 repayable 1 September 2023 $8000 4 repayable 1 December 2025 $6000 What total amount of loans should be included as non-current liabilities at 30 June 2021?

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