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Commerce JAMB 2022

Examples of current assets are

  • cash and trade debtors checkmark
  • cash and trade creditors
  • trade debtors, trade creditors and cash
  • trade creditors and trade debtors

The correct answer is: A

Explanation

Current assets are assets which are usually held for the a short period of time for the purpose of conversion in the ordinary course of business e.g stock, cash in hand/bank, bills receivable, debtors etc

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