Determine the current liabilities _______?

Balance sheet (Extract)

Creditors #7,940
Prepaid expenses # 290
Accrual expenses # 323
Stock #4,500
Cash balance #4,956
Debtors # 905

A. #8,553
B. #8,263
C. #7,940
D. #1,228

Correct Answer:

Option B – #8,263