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Use of following information to answer questions below   D Motor vehicle 500000 Stock 35000...

Accounts - Principles of Accounts
WAEC 2022

Use of following information to answer questions below

  D
Motor vehicle 500000
Stock 35000
Debtors 18000
Cash 12850
Bank overdraft 280000
Creditors 21500

 

The total current asset is

  • A. D 65,850
  • B. D 367,350
  • C. D 345,850
  • D. D 87,850
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Correct Answer: Option A
Explanation

Total current asset = 35,000 + 18,000 + 12,850

= 65,850

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Your School's Whatsapp Group - Join Us now
Post UTME Past Questions Agent
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post UTME Past Questions Agent