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Examples of current assets are

Commerce
JAMB 2022

Examples of current assets are

  • A. cash and trade debtors
  • B. cash and trade creditors
  • C. trade debtors, trade creditors and cash
  • D. trade creditors and trade debtors
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Correct Answer: Option A
Explanation

Current assets are assets which are usually held for the a short period of time for the purpose of conversion in the ordinary course of business e.g stock, cash in hand/bank, bills receivable, debtors etc

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WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
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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 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
Post UTME Past Questions Agent
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