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Use the following information to answer this question.The following is a summary of the...


Question

Use the following information to answer this question.

The following is a summary of the asset and liabilities of Ojo trading company as at 31st December, 2018

Initial Capital5000
Net Profit1000
Furniture2000
Equipment2900
Debtors100
Stock1000
Bank500

 

From the above, calculate Current assets

 

Options

A) 1600

B) 1060

C) 1500

D) 600

The correct answer is A.

Explanation:

Current Assets    N
Debtors100
Stock1000
Bank500
 1600

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