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Use of following information to answer questions below

  D
Motor vehicle 500000
Stock 35000
Debtors 18000
Cash 12850
Bank overdraft 280000
Creditors 21500

The total current liability is

A.

D 301,500

B.

D 258,500

C.

D 264,350

D.

D 280,000

Correct answer is A

Total current liability = 280,000 + 21,500
= 301,500



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