WAEC Commerce 2016 Objective — Question 13

Question 13 of 50 from the West African Examinations Council (WAEC) Commerce 2016 Objective paper, with the correct answer and a full explanation.

13. The value of current assets is A. #35,000 B. #32,000 C. #25,000 D. #10,000

A. #35,000Correct
B. #32,000
C. #25,000
D. #10,000

Explanation

Current Assets are liquid assets used up within a year. It comprises stock, debtors, bills receivable, prepaid expenses, accrued income, bank cash etc. = Stock 20,000+Debtors 15,000=#35,000.

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