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A trader started business with #30,000 and spent #20,000 in buying premises and equipment, the...

Commerce
WAEC 1998
A trader started business with #30,000 and spent #20,000 in buying premises and equipment, the balance of #10,000 is his
  • A. authorised capital
  • B. fixed capital
  • C. working capital
  • D. capital owned
  • E. called-up capital
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Correct Answer: Option C
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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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WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
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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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