WAEC - Accounts Principles Of Accounts (2022 - No. 3)
Use of following information to answer questions below
| D | |
| Motor vehicle | 500000 |
| Stock | 35000 |
| Debtors | 18000 |
| Cash | 12850 |
| Bank overdraft | 280000 |
| Creditors | 21500 |
The total current liability is
D 301,500
D 258,500
D 264,350
D 280,000
Explanation
Total current liability = 280,000 + 21,500
= 301,500
= 301,500
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