At 31 May 20X7 Roberta's trial balance included the following items.
$
Inventory at 1 June 20X6
23,856
Trade receivables
55,742
Trade payables
32,165
Bank overdraft
5,855
Loan due for repayment in 20X9
15,000
What is the value of Roberta's current liabilities at 31 May 20X7?
The correct answer is: $38,020.
The trade payables are due to be paid within 12 months, the overdraft is repayable on demand.
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