Which of the following items are current assets?
FINANCIAL
JAMB 2009
Which of the following items are current assets?
- A. Stock, bills receivable, cash and debtors
- B. Stock, bill payable, cash and debtors
- C. Stock, bad debt, bills receivable and cash
- D. Stock, work-in-progress, cash and bills payable
Correct Answer: A. Stock, bills receivable, cash and debtors
Explanation
Current assets include cash and other assets that are expected to be converted to cash within a year. Option A ''Stock, bills receivable, cash and debtors'' is correct.
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