Home » » Use the following information to answer the given question:$$\begin{array}{c|c} & ₦ \\ \hline \text{Opening balance} & 1,894 Dr \\ \text{Cheques received from customers} & 7,286\\ \text{Cash received from customers} & 1,236 \\ \text{Returned from customers} & 296 \\ \text{Closing balance} & 3,368 Dr\end{array}$$The closing balance of ₦3,368 Dr is classified in the balance sheet as a...

# Use the following information to answer the given question:$$\begin{array}{c|c} & ₦ \\ \hline \text{Opening balance} & 1,894 Dr \\ \text{Cheques received from customers} & 7,286\\ \text{Cash received from customers} & 1,236 \\ \text{Returned from customers} & 296 \\ \text{Closing balance} & 3,368 Dr\end{array}$$The closing balance of ₦3,368 Dr is classified in the balance sheet as a...

### Question

Use the following information to answer the given question:

$$\begin{array}{c|c} & ₦ \\ \hline \text{Opening balance} & 1,894 Dr \\ \text{Cheques received from customers} & 7,286\\ \text{Cash received from customers} & 1,236 \\ \text{Returned from customers} & 296 \\ \text{Closing balance} & 3,368 Dr\end{array}$$

The closing balance of ₦3,368 Dr is classified in the balance sheet as a

### Options

A) fixed asset

B) current asset

C) current liability

D) capital