Accounting 0452 · IGCSE · Other payables and other receivables

Other payables and other receivables — practice question

After the income statement had been completed, the business's books showed these remaining balances: loan owed to XYY Finance $10\,000$ accrued wages $620$ prepaid rent $240$ trade receivables $3\,300$ trade payables $4\,650$ motor vehicles $8\,000$ provision for depreciation of motor vehicles $2\,000$ What was the total liabilities figure?

  • A$13\,920$
  • B$14\,890$
  • C$15\,270$
  • D$17\,270$

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