Balance sheet (Extract) Creditors #7,940 Prepaid expenses # 290 Accrual expenses # 323 Stock #4,500…

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Accounts - Principles of Accounts JAMB 2014

Balance sheet (Extract)

Creditors #7,940
Prepaid expenses # 290
Accrual expenses # 323
Stock #4,500
Cash balance #4,956
Debtors # 905

Determine the current liabilities

  • #8,553
  • #8,263 checkmark
  • #7,940
  • #1,228

The correct answer is: B

Explanation

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