At her financial year end of 31 December 2019, Haylie has trade and other receivables of £78,400, current taxation payable of £22,350 and trade and other payables of £56,250. Haylie also has bank borrowings totalling £500,000. These bank borrowings are repayable by equal annual instalments over the next five years starting with the first repayment of £100,000 on 30 December 2020. What figure will Haylie record in her statement of financial position at 31 December 2019 for current liabilities?

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The Answer of At her financial year end of 31 December 2019, Haylie has trade and other receivables of £78,400, current taxation payable of £22,350 and trade and other payables of £56,250. Haylie also has bank borrowings totalling £500,000. These bank borrowings are repayable by equal annual instalments over the next five years starting with the first repayment of £100,000 on 30 December 2020. What figure will Haylie record in her statement of financial position at 31 December 2019 for current liabilities?

At Her Financial Year End of 31 December 2019, Haylie