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

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

Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A 1600
  • B 1060
  • C 1500
  • D 600
Correct Answer: Option A
Explanation:
Current Assets   N
Debtors 100
Stock 1000
Bank 500
 1600



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