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JAMB Accounting 2009 Objective — Question 19

Question 19 of 50 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2009 Objective paper, with the correct answer and a full explanation.

19. Which of the following items are current assets?

A. Stock, bills receivable, cash and debtorsCorrect
B. Stock, bills payable, cash and debtors
C. stock, bad debt, bills receivable and cash
D. stock, work-in-progress, cash and bills payable

Explanation

Stock, bills receivable, cash and debtors are all current assets.

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