Use the following information to answer this question.<br/>The following is a summary of the asset and liabilities of Ojo trading company as at 31st December, 2018<br/>Initial Capital = 5000<br/>Net Profit = 1000<br/>Furniture = 2000<br/>Equipment = 2900<br/>Debtors = 100<br/>Stock = 1000<br/>Bank = 500<br/>From the above, calculate Current assets
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
Correct Answer: Option A
Explanation:
Current assets are made up of debtors, stock and bank.<br/><br/>Current assets = 100 + 1000 + 500<br/>= N1,600.<br/><br/>Therefore, the current assets are N1,600.
Current assets are made up of debtors, stock and bank.<br/><br/>Current assets = 100 + 1000 + 500<br/>= N1,600.<br/><br/>Therefore, the current assets are N1,600.