Use the following information to answer this question.<br/><br/>The following is a summary of the asset and liabilities of Ojo trading company as at 31st December, 2018<br/><br/><table class='tbn'><tbody><tr><td> Initial Capital </td><td> 5000 </td></tr><tr><td> Net Profit </td><td> 1000 </td></tr><tr><td> Furniture </td><td> 2000 </td></tr><tr><td> Equipment </td><td> 2900 </td></tr><tr><td> Debtors </td><td> 100 </td></tr><tr><td> Stock </td><td> 1000 </td></tr><tr><td> Bank </td><td> 500 </td></tr></tbody></table> <br/><br/>From the above, calculate Current assets
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Correct Answer: Option A
Explanation:
<table class='tbn'><tbody><tr><td> Current Assets </td><td> N </td></tr><tr><td> Debtors </td><td> 100 </td></tr><tr><td> Stock </td><td> 1000 </td></tr><tr><td> Bank </td><td> 500 </td></tr><tr><td> </td><td> 1600 </td></tr></tbody></table>
<table class='tbn'><tbody><tr><td> Current Assets </td><td> N </td></tr><tr><td> Debtors </td><td> 100 </td></tr><tr><td> Stock </td><td> 1000 </td></tr><tr><td> Bank </td><td> 500 </td></tr><tr><td> </td><td> 1600 </td></tr></tbody></table>