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Examples of current assets are

Examples of current assets are
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Cash and trade debtors
  • B Cash and trade creditors
  • C Trade debtors, trade creditors and cash
  • D Trade creditors and trade debtors
Correct Answer: Option A
Explanation:
Cash and trade debtors are current assets because they are expected to be used, realized or converted into cash within the normal operating cycle of the business. Trade creditors, by contrast, are current liabilities.

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