Determine the current assets?

By: |Published on: Dec 5|Categories: Accounting JAMB| 0 comments

Capital…………………N?
Profit and loss………….N3500
Current assets…………..N?
Current liabilities………N2000
fixed assets…………….N11000

A. N7 000
B. N6 000
C. N8 000
D. N9 000

Correct Answer:

Option B – N6 000

Users Also Read These:

SEE ALSO  Given an incomplete record without sufficient information to determine profit; the necessary thing to do is to?

Copyright warnings! Do not copy.