Accounting 0452 · IGCSE · The trial balance

The trial balance — practice question

After the income statement had been prepared, the following balances were still shown in the records of a business: loan from XYY Finance $10000$ wages due $620$ rent prepaid $240$ trade receivables $3300$ trade payables $4650$ motor vehicles $8000$ provision for depreciation of motor vehicles $2000$ What was the total amount of liabilities?

  • A$13920$
  • B$14890$
  • C$15270$
  • D$17270$

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