WAEC - Commerce (2016 - No. 14) | ExamPlay

WAEC - Commerce (2016 - No. 14)

use the following information relating to Bala enterprises to anwser the question
	N
premises	32,000
motor vehicle	15,000
debtors	15,000
stock	20,000
creditors	10,000

use the following information relating to Bala enterprises to anwser the question
	N
premises	32,000
motor vehicle	15,000
debtors	15,000
stock	20,000
creditors	10,000

use the following information relating to Bala enterprises to anwser the question
	N
premises	32,000
motor vehicle	15,000
debtors	15,000
stock	20,000
creditors	10,000

what is the value of working capital

N47,000

N35,000

25,000

10,000

Explanation

The net working capital formula is calculated by subtracting the current liabilities from the current assets.

working capital = current assets - current liabilities

35,000 - 10,000 = 25,000

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