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NECO Commerce 2024 Objective — Question 15

Question 15 of 50 from the National Examinations Council (NECO) Commerce 2024 Objective paper, with the correct answer and a full explanation.

The value of current liabilities is

A. A. D10,000.00
B. B. D13,000.00Correct
C. C. D14,000.00
D. D. D15,000.00

Explanation

Current liabilities = Creditors + Overdraft = 8,000 + 5,000 = D13,000.00.

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