QUESTION 13 Your trainee accountant has classified various items in its statement of financial position as follows: Item i. Inventories ii. Trade receivables iii. Equipment iv. Trade payables Classification Current asset Current liability Non-current asset Non-current liability Which of the above items are correctly classified? O A. (ii) and (iii) B. (i) and (iii) O C. (i) and (iv) O D. (iii) and (iv)

Your trainee accountant has classified various items in its statement of financial position as follows: Which of the above items are correctly classified? A. (ii) and (iii) B. (i) and (iii) C. (i) and (iv) D. (iii) and (iv)