Examples of current assets are

Commerce

JAMB 2022

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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Examples of current assets are

Correct Answer: Option A

Explanation

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