Categories: Accounting WAEC

The total current liability is?

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

Sunday

Recent Posts

List of Universities Offering Veterinary Medicine in Nigeria

Veterinary medicine is the branch of medicine that deals with the prevention, diagnosis, and treatment…

4 months ago

List of Universities Offering Anthropology in Nigeria

Anthropology is the scientific study of human beings and their cultures. It encompasses a wide…

4 months ago

List of Universities Offering Sociology in Nigeria

Sociology is the scientific study of human society, culture, and behavior. It examines the social…

4 months ago

List of Universities Offering Social Work in Nigeria

Social Work is a profession dedicated to helping individuals, families, and communities to cope with…

4 months ago

List of Universities Offering Religious Studies in Nigeria

Religious studies is an academic discipline that explores the beliefs, practices, and history of various…

4 months ago

List of Universities Offering Public Administration in Nigeria

Public administration is the field of study and practice that focuses on the organization and…

4 months ago