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 Capital | 5000 |
Net Profit | 1000 |
Furniture | 2000 |
Equipment | 2900 |
Debtors | 100 |
Stock | 1000 |
Bank | 500 |
From the above, calculate Current assets
Options
A) 1600
B) 1060
C) 1500
D) 600
The correct answer is A.
Explanation:
Current Assets | N |
Debtors | 100 |
Stock | 1000 |
Bank | 500 |
1600 |
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