Use the information below to answer this question: i. cash at bank  ii. cash in…

Accounts - Principles of Accounts JAMB 2021

Use the information below to answer this question:
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 v
  • i and ii checkmark
  • ii and iv
  • iii and v

The correct answer is: B

Explanation

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