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Balance sheet (Extract) Creditors #7,940 Prepaid expenses # 290 Accrual expenses # 323 Stock #4,500...

Accounts - Principles of Accounts
JAMB 2014
Balance sheet (Extract)

Creditors #7,940
Prepaid expenses # 290
Accrual expenses # 323
Stock #4,500
Cash balance #4,956
Debtors # 905

Determine the current liabilities
  • A. #8,553
  • B. #8,263
  • C. #7,940
  • D. #1,228
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Correct Answer: Option B
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Post UTME Past Questions Agent
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post UTME Past Questions Agent
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts