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Examples of current assets are  

Commerce
JAMB 2025

Examples of current assets are

 

  • 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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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