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The difference between current assets and current liabilities is

Commerce
WAEC 2013

The difference between current assets and current liabilities is

  • A. Issued capital
  • B. capital employed
  • C. working capital
  • D. nominal capital
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Correct Answer: Option C
Explanation

 The difference between current asset and current liability is known as working capital which represents operating capital

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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