JAMB - Accounts Principles Of Accounts (2009 - No. 16)
Use the information below to answer questions
Total current assets..................N2,000
Total fixed assets....................N4,000
Current liabilities...................N1,200
Drawings..............................N200
Long-term loan........................N2,000
What is the net working capital?
N2,600
N1,800
N800
N600
Explanation
Working capital = current assets - current liabilities
2000 - 1200 = 800
Comments (0)
