What is the amount of total current liabilities? (a) 35,000 (b) 40,000 (c) 50,000 (d) 60,000 Black
Question:
What is the amount of total current liabilities?
(a) £35,000
(b) £40,000
(c) £50,000
(d) £60,000
Black and Partners has listed the following amounts in its statement of financial position (balance sheet)
Transcribed Image Text:
Cash Buildings Trade payables (creditors) Taxes payable within one year Trade receivables (debtors) Plant and equipment Inventory (Stock) 10,000 75,000 25,000 15,000 55,000 30,000 60,000
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