Examples of current assets are

Commerce

JAMB 2025

A. trade debtors, trade creditors and cash
B. cash and trade creditors
C. trade creditors and trade debtors
D. cash and trade debtors

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Correct Answer: Option D

Explanation

Current assets are assets that a company expects to convert to cash or use up within one year or its operating cycle, whichever is
longer. Examples of current assets include cash and trade debtors (accounts receivable). Trade creditors (accounts payable) are
not assets but liabilities.

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