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JAMB Accounting 2009 Objective — Question 18

Question 18 of 50 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2009 Objective paper, with the correct answer and a full explanation.

18. Using the same data, what is the net working capital?

A. #2,600
B. #1,800
C. #800Correct
D. #600

Explanation

Working capital = Current assets - Current liabilities = 2,000 - 1,200 = #800.

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