Multiple Choice
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
Correct Answer:

Verified
Correct Answer:
Verified
Q8: Derry's business has non-current assets of £76
Q9: Ilona's business bank account at 1 May
Q10: Smylie Bentham is the trading name used
Q11: Simeon runs a business as a sole
Q12: Evan's business has non-current assets of £62
Q14: Mark's statement of financial position at 31
Q15: Barry runs a small auditing firm with
Q16: Smylie Bentham is the trading name used
Q17: Burgess's business has non-current assets of £64
Q18: Natalia's business bank account shows a balance