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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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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
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Your School's Whatsapp Group - Join Us now
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