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RLand and buildings   2 904 000Debtors control        264 656Creditors control      601 880Mortgage loan          1 000 000Inventories   437 540Vehicles at carrying amount1 645 076Cash 215 636Accrued expenses   24 980Equipment at carrying amount        363 364Investment in a fixed deposit           562 984Income received in advance9 140Prepaid expenses    8 000  What is the total amount for current liabilities?Select one:a.R601 880b.R644 000c.R619 020d.R636 000

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RLand and buildings   2 904 000Debtors control        264 656Creditors control      601 880Mortgage loan          1 000 000Inventories   437 540Vehicles at carrying amount1 645 076Cash 215 636Accrued expenses   24 980Equipment at carrying amount        363 364Investment in a fixed deposit           562 984Income received in advance9 140Prepaid expenses    8 000  What is the total amount for current liabilities?Select one:a.R601 880b.R644 000c.R619 020d.R636 000

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Solution 1

The total amount for current liabilities can be calculated by adding Creditors control, Accrued expenses, and Income received in advance.

Creditors control: R601 880 Accrued expenses: R24 980 Income received in advance: R9 140

Total current liabilities = R601 880 + R24 980 + R9 140 = R636 000

So, the correct answer is d. R636 000.

Solution 2

The total amount for current liabilities can be calculated by adding up the Creditors control, Accrued expenses, and Income received in advance.

Creditors control: R601 880 Accrued expenses: R24 980 Income received in advance: R9 140

So, the total amount for current liabilities is R601 880 + R24 980 + R9 140 = R636 000

Therefore, the correct answer is d. R636 000.

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