Use of following information to answer questions below D Motor vehicle 500000 Stock 35000 Debtors 18000 Cash 12850 Bank overdraft 280000 Creditors 21500 The...

Assessment: WAEC SSCE - Financial Accounting - 2022 (Objective) Subject: Financial Accounting

Question 1 Report

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

D 65,850

D 367,350

D 345,850

D 87,850

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.

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Use of following information to answer questions below D Motor vehicle 500000 Stock 35000 Debtors 18000 Cash 12850 Bank overdraft 280000 Creditors 21500 The...

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