Paper 2 · Departmental accounts

In J. Sithole's Statement of Financial Position as at 31 December 2011, non-current assets totalled $157 200 and current assets totalled$ 85 800. What was the total assets figure?

A$157 200

B$214 600

C$228 000

D$243 000

Explanation:

157 200 +

85 800 = $243 000.

Derived from ZIMSEC Principles of Accounts 7112/2 Paper 2, November 2014 Specimen Paper, Q1

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