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Nerina's Statement of Financial Position at 1 January 20X6 Shows

Question 13

Multiple Choice

Nerina's statement of financial position at 1 January 20X6 shows the following: Nerina's statement of financial position at 1 January 20X6 shows the following:   On 2 January she receives £5000 in respect of a trade receivable. On 3 January she pays £2000 for a new non-current asset. Assuming there are no other transactions; if Nerina draws up a new statement of financial position at the close of business on 3 January, which one of the following statements is correct? A) The current liabilities total is unchanged B) The current assets total is unchanged C) Current liabilities = £39 240 D) Current assets = £42 200 On 2 January she receives £5000 in respect of a trade receivable.
On 3 January she pays £2000 for a new non-current asset.
Assuming there are no other transactions; if Nerina draws up a new statement of financial position at the close of business on 3 January, which one of the following statements is correct?


A) The current liabilities total is unchanged
B) The current assets total is unchanged
C) Current liabilities = £39 240
D) Current assets = £42 200

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