Use the following information to answer the question below
| D | |
| Motor vehicle | 500000 |
| Stock | 35000 |
| Debtors | 18000 |
| Cash | 12850 |
| Bank Overdraft | 280000 |
| Creditors | 21500 |
A. D 301,500
B. D 258,500
C. D 264,350
D. D 280,000
Correct Answer:
Option A = D 301,500
Explanation
Total current liability = 280,000 + 21,500
= 301,500
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