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WAEC Accounting 2022 Objective — Question 50

Question 50 of 50 from the West African Examinations Council (WAEC) Accounting 2022 Objective paper, with the correct answer and a full explanation.

The total current liability is

A. D301,500Correct
B. D280,000
C. D264,350
D. D258,500

Explanation

Current liabilities = Bank overdraft + Creditors = 280,000 + 21,500 = D301,500.

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