\begin{array}{lr}
Dr. & \(\mathrm{Cr} .\) \\
\(\mathrm{N}\) & \(\mathrm{A}\) \\
Goodwill & 100,000 \\
Plant and Machinery & 320,000 \\
Freehold premises & 500,000 \\
Stocks & 150,000 \\
Debtors & 125,000 \\
Cash in bank & 75,000 \\
Cash in hand & 20,000 \\
Profit and loss account & 340,000 \\
Accrued rent & 5,000 \\
Sundry creditors & 95,000 \\
Capital & \(1.290,000\) \\
\hline
\end{array}
What is the value of current liabilities?
\(\begin{array}{llll}\text {
A. N } 100.000 & \text {
B. N } 440,000 & \text {
C. } N 95,000 & \text {
D. } N 345,000\end{array}\)
Correct Answer: A
Explanation
Current liabilities
\(=\) accrued rent \(+\) sundry creditors
\(=5000+95.000=\mathrm{N} 100,000\)