At 31 December 20X5 XYZ’s trial balance included the following balances:
$
Machinery at cost …………………6,450
Accumulated depreciation ………….4,480
Inventory ……………………………2,882
Trade receivables …………………..5,878
Trade payables ……………………….3,920
Bank overdraft …………………………843
Cash at bank ………………… ………….80
What is the value of XYZ’s current assets at 31 December 20X5?
Answer
Inventory………………………2,882
Trade receivables………………5,878
Cash at bank…………………….. 80
Total Current Asset……………8,840