Drawings of N125 were made by the shareholders of the company. They company’s net current assets amount to?

Zazzau Company:

Cash in hand…………….N50
Cash in bank…………….N1 250
Stock…………………..N4 880
Furniture……………….N9 60
Building………………..N5 500
Debtor………………….N1 750
Creditors……………….N2 150

A. N5 780
B. N5 70
C. N6 580
D. N7 930

Correct Answer:

Option A – N5 780