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WAEC Commerce 2020 Question 14

Question 14

Business Finance

Examples of current assets are

  1. A.cash and trade debtors.
  2. B.cash and trade creditors.
  3. C.trade debtors, trade creditors and cash.
  4. D.trade creditors and trade debtors.
Show the answer and explanation

Answer: A (cash and trade debtors.)

Explanation

Cash and debtors are current assets; creditors are current liabilities.