Test Index

JAMB Commerce 2019 Paper

Question : 5

Total: 82

Solution:

Concept:

Current assets are short-term resources owned by a business and include debtors, stock, and bank balances.

Explanation:

From the summary, the current assets are:

Debtors =

\mathrm{N}100

Stock =

\mathrm{N}1000

Bank =

\mathrm{N}500

Total current assets =

\mathrm{N}100 + \mathrm{N}1000 + \mathrm{N}500

Total current assets =

\mathrm{N}1600

This corresponds to option A.

Answer:

1600

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