Paper 2 · Final accounts of a sole trader

In Chiedza Fashion Boutique's Statement of Financial Position as at 31 December 2014, non-current assets totalled $331 480 and current assets totalled$ 112 130. What was the total assets figure?

A$112 130

B$331 480

C$411 770

D$443 610

Explanation:

331 480 +

112 130 = $443 610.

Derived from ZIMSEC Principles of Accounts 7112/2 Paper 2, November 2015, Q1

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