Balance sheet (Extract) Creditors #7,940 Prepaid expenses # 290 Accrual expenses # 323 Stock #4,500
FINANCIAL
JAMB 2014
Balance sheet (Extract)
Creditors #7,940
Prepaid expenses # 290
Accrual expenses # 323
Stock #4,500
Cash balance #4,956
Debtors # 905
The value of the current assets will be
- A. #10,361
- B. #10,651
- C. #17,396
- D. #17,848
Correct Answer: B. #10,651
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