Accounting JAMB

The value of the current assets will be?

Balance sheet (Extract)

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

A. #10,361
B. #10,651
C. #17,396
D. #17,848

Correct Answer:

Option B – #10,651

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