Value of current assets ( video below)

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 

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