WAEC Commerce 2020 Objective — Question 14

Question 14 of 50 from the West African Examinations Council (WAEC) Commerce 2020 Objective paper, with the correct answer and a full explanation.

Examples of currents assets are

A. cash and trade debtorsCorrect
B. cash and trade creditors
C. trade debtors, trade creditors and cash
D. trade debtors and cash

Explanation

Current assets are assets that are used up within a year. They are used in day to day running of the business, such as accrued expenses, debtors, stock, cash etc.

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