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Calculate ‘Current Assets’ from the followings: Bills Payable = 3000, Machine = 5000; Prepaid Expenses= 4800,...

Calculate ‘Current Assets’ from the followings:

Bills Payable = 3000, Machine = 5000; Prepaid Expenses= 4800, Accrued Income=1200, Income Received in Advance= 600, Stock= 2000, Cash=4000, Bills Receivables=1800, Outstanding Rent=800; Debtors = 2000; Creditors = 3000; Operating Expenses=500; Stationary Exp.: 400

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