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use the information below to answer this question  opening  stock           ...

Commerce
WAEC 2024

use the information below to answer this question 

opening  stock             22,000.00

purchases                    20,000.00

Debtor                          12,000.00           

Creditors                        8,000.00

Closing stock                  8,000.00

overdraft                         5,000.00

 

The value of current liabilities is 

  • A. D10,000.00
  • B. D13,000.00
  • C. D13,000.00
  • D. D15,000.00
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Correct Answer: Option C
Explanation

Current liabilities:   8,000

creditors;                 5,000

overdraft  =              12,000

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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
Your School's Whatsapp Group - Join Us now
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post UTME Past Questions Agent
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
Your School's Whatsapp Group - Join Us now