Use the following information to answer the giv... - WAEC Accounting 1993 Question
Use the following information to answer the given question
\(\begin{array}{c|c} & N \ \hline \text{10,000 ordinary shares of N1 each} & N10,000\ \text{5,000 5% preference shares of N1 each} & N5,000 \ \text{Profit and loss account} & N8,000 \ \text{8% debenture} & 10,000 \ creditors & 3,000 \ \text{Bank overdraft} & 2,000 \ \text{Plants and machinery} & 10,000 \ \text{Plant and machinery} & 10,000 \ \text{Furniture and fittings} & 8,000 \ stock & 8,000 \ debtors & 5,000 \end{array}\)
What is the total of current assets?
\(\begin{array}{c|c} & N \ \hline \text{10,000 ordinary shares of N1 each} & N10,000\ \text{5,000 5% preference shares of N1 each} & N5,000 \ \text{Profit and loss account} & N8,000 \ \text{8% debenture} & 10,000 \ creditors & 3,000 \ \text{Bank overdraft} & 2,000 \ \text{Plants and machinery} & 10,000 \ \text{Plant and machinery} & 10,000 \ \text{Furniture and fittings} & 8,000 \ stock & 8,000 \ debtors & 5,000 \end{array}\)
What is the total of current assets?
A
N15,000
B
N13,000
C
N11,000
D
N8,000
correct option: b
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