Given:
Authorized Capital: ₦
100,000 ordinary shares of ₦1 each
Issued and fully paid: ₦
50,000 ordinary shares of ₦1 each
10,000 8% preference shares of ₦1 each
Reserves: ₦10,000
Creditors: ₦25,000
Debtors: ₦13,000
Cash in hand: ₦5,000
Determine the net current assets
Options
A) ₦43,000
B) ₦28,000
C) ₦13,000
D) ₦3,000 >>>>>>>>>
The correct answer is D.
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