At 31 October 2019, her statement of financial position date, Suad has trade and other payables of £18,475, taxation recoverable of £1,250, cash in hand of £745 and a bank overdraft of £12,225. What are Suad's current liabilities at 31 October 2019?

Question

Quizplus · Accepted Answer

Current liabilities = Trade and other payables + Taxation recoverable + Cash in hand - Bank overdraft= £18,475 + £1,250 + £745 - £12,225= £30,700

At 31 October 2019, Her Statement of Financial Position Date