Loading [MathJax]/jax/output/HTML-CSS/jax.js
Home / Aptitude Tests / Accounting / Use the following in...

Use the following information to answer the given questio...

Use the following information to answer the given question


N10,000 ordinary shares of N1 eachN10,0005,000 5% preference shares of N1 eachN5,000Profit and loss accountN8,0008% debenture10,000creditors3,000Bank overdraft2,000Plants and machinery10,000Plant and machinery10,000Furniture and fittings8,000stock8,000debtors5,000
What is the value of current liability?

A.

N13,000

B.

N10,000

C.

N5,000

D.

N3,000

E.

N2,000

Correct answer is C

No explanation has been provided for this answer.