Accounting 0452 · IGCSE · Sole traders

Sole traders — practice question

A trader's capital is $24\,400$. His non-current assets amount to $16\,100$, and his current liabilities are $4500$. He has no non-current liabilities. What is the value of his current assets?

  • A$8300
  • B$11\,600
  • C$12\,800
  • D$28\,900

Worked solution & mark scheme

This 1-mark question has a full step-by-step worked solution and mark scheme.

  • Full mark scheme, point by point
  • Step-by-step worked solution
  • Write your answer & get it marked instantly by AI