The following balances appeared in the Post-Closing Trial Balance of Zinzi Traders on 28 February 2020, the end of the financial year: R 96 000 10 000 9 000 7 000 Creditors control Accrued expenses Accrued income Prepaid expenses Income received in advance 4 000 Long-term loan | 200 000 Note: R20 000 of the long-term loan is payable in the next financial year. The amount that will be reflected as current liabilities and non-current liabilities on the Balance Sheet of Zinzi Traders on 28 February 2020 is _ Current liabilities Non-current liabilities R130 000 R180 000 R110 000 R200 000 R135 000 R180 000 none of the above

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The following balances appeared in the Post-Closing Trial Balance of Zinzi Traders on 28
February 2020, the end of the financial year:
R
Creditors control
96 000
Accrued expenses
10 000
9 000
7 000
Accrued income
Prepaid expenses
Income received in advance
4 000
Long-term loan
200 000
Note: R20 000 of the long-term loan is payable in the next financial year.
The amount that will be reflected as current liabilities and non-current liabilities on the Balance
Sheet of Zinzi Traders on 28 February 2020 is _
Current liabilities
|Non-current liabilities
A
R130 000
R180 000
B
R110 000
R200 000
R135 000
R180 000
D
none of the above
Transcribed Image Text:The following balances appeared in the Post-Closing Trial Balance of Zinzi Traders on 28 February 2020, the end of the financial year: R Creditors control 96 000 Accrued expenses 10 000 9 000 7 000 Accrued income Prepaid expenses Income received in advance 4 000 Long-term loan 200 000 Note: R20 000 of the long-term loan is payable in the next financial year. The amount that will be reflected as current liabilities and non-current liabilities on the Balance Sheet of Zinzi Traders on 28 February 2020 is _ Current liabilities |Non-current liabilities A R130 000 R180 000 B R110 000 R200 000 R135 000 R180 000 D none of the above
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