NAFARA AND SONS Balance Sheet items as at 31st December, 1987. Capital N74480 Creditors N15875…

Accounts - Principles of Accounts JAMB 2002

NAFARA AND SONS Balance Sheet items as at 31st December, 1987.

Capital N74480

Creditors N15875

Prepaid expenses N580

Motor vehicles N34750

Furniture N35850

Accrued expenses N645

Stock N8100

Cash balances N9911

Debtors N1809
Compute the value of current assets?

  • N20400 checkmark
  • N20465
  • N35695
  • N19820

The correct answer is: A

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