Use of following information to answer questions below D Motor vehicle 500000 Stock 35000 Debtors 18000 Cash 12850 Bank overdraft 280000 Creditors 21500 The...
Use of following information to answer questions below
D
Motor vehicle
500000
Stock
35000
Debtors
18000
Cash
12850
Bank overdraft
280000
Creditors
21500
The total current asset is
Answer Details
To calculate the total current asset, we need to add up all the current assets mentioned in the balance sheet. In this case, the current assets are stock, debtors, cash.
Total current assets = Stock + Debtors + Cash
Total current assets = D 35,000 + D 18,000 + D 12,850
Total current assets = D 65,850
Therefore, the total current asset is D 65,850. Option A is the correct answer.