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The money issued by Ola Maro and Co Ltd. in running the day to day...

Commerce
WAEC 2013

The money issued by Ola Maro and Co Ltd. in running the day to day activities of the business is represented by

  • A. fixed capital
  • B. capital employed
  • C. paid-up capital
  • D. working capital
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Correct Answer: Option D
Explanation

Working capital is the capital of a business which is used in its day-to-day trading operations, calculated as the current assets minus the current liabilities.

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts