Question 49
Final Accounts of a Sole TraderUse the following information to answer questions 48 to 50
Motor vehicle: D 500,000
Stock: D 35,000
Debtors: D 18,000
Cash: D 12,850
Bank Overdraft: D 280,000
Creditors: D 21,500
The total current asset is
- A.D 367,350
- B.D 345,850
- C.D 87,850
- D.D 65,850
Show the answer and explanation
Answer: D (D 65,850)
Explanation
Stock 35,000 + debtors 18,000 + cash 12,850 = D 65,850.