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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