Accounting 0452 · IGCSE · The trial balance

The trial balance — practice question

Hussein's books showed the following balances: fixtures $\$6000$, inventory $\$3300$, trade receivables $\$3000$, trade payables $\$4500$, other receivables $\$500$, other payables $\$300$, loan to Imran $\$1000$, bank overdraft $\$1400$. What was the total amount of the liabilities?

  • A$\$4800$
  • B$\$6200$
  • C$\$6400$
  • D$\$7200$

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