WAEC Commerce 2015 Objective — Question 26
Question 26 of 50 from the West African Examinations Council (WAEC) Commerce 2015 Objective paper, with the correct answer and a full explanation.
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Which of the following is classified under current asset?
- A. machinery
- B. motor vehicle
- C. stockCorrect
- D. fittings
Explanation
Current assets are assets used up within a year. It includes stock, debtors' cash, bank, accrued income, prepaid expenses, bills receivable etc.
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