The following items as extracted from the statement of financial position for PLG Plumbing and Heating for the period ended 2022. & (E) }(l) Plant and equipment & 2,500 Trade payables & 2,800 Short-term borrowings & 2,000 Overdraft & 600 Inventories & 4,500 Property & 30,000 Long-term borrowings & 5,100 Mortgage & 18,000 Trade receivables & 1,800 What is the total current liabilities for the period?

## Step 1: Identify the Current LiabilitiesIn view of the financial statement, the current liabilities of PLG Plumbing and Heating during the period would be the liabilities it would have to settle within one year of the ending balance sheet date as these are considered short-term debts and obligations. Recognisable as current liabilities are: Trade payables, Short-term borrowings and Overdraft.## Step 2: Calculate the Total Current LiabilitiesTo work out the 'total current liabilities' for the period, add up all of the current liabilities together. This can be denoted as### In place of the represented figures we have:###