Use the information below to answer questions . (i) Cash at bank (ii) Cash in…

Accounts - Principles of Accounts JAMB 2008

Use the information below to answer questions .

(i) Cash at bank (ii) Cash in hand (iii) Premises
(iv) Land (v)Creditors (vi)loan from friends/bank.
What are the current assets?

  • i and ii checkmark
  • i and v
  • ii and iv
  • iii and v

The correct answer is: A

Explanation

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