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Use the following information to answer the question below Opening capital ---10,800 Drawings----------- 2,500 Trade...

Accounts - Principles of Accounts
WAEC 2019

Use the following information to answer the question below

Opening capital ---10,800
Drawings----------- 2,500
Trade creditors ----2,560
Trade debtors ------2,880
Cash in hand -------1,000
Net profit------------- 6,000

The working capital is

  • A. 6,440
  • B. 3,880
  • C. 3,500
  • D. 1,320
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Correct Answer: Option D
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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Post UTME Past Questions Agent