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
From the above, calculate Current assets
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
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Correct Answer: Option A
Explanation:
| Current Assets | N |
| Debtors | 100 |
| Stock | 1000 |
| Bank | 500 |
| 1600 |