Roisin runs a small retail business from a shop in the town centre. At the end of her financial year, she has the following assets and liabilities: taxation repayable: £890, inventory: £25,450, cash in the cash register: £1,750, bank balance (overdrawn): £10,250. What is the total of Roisin's current assets?

Question

Quizplus · Accepted Answer

Current assets include inventory, cash in the cash register, and taxation repayable. Adding these gives £25,450 + £1,750 + £890 = £28,090.

Roisin Runs a Small Retail Business from a Shop in the Town