WAEC Commerce 2016 Objective — Question 14
Question 14 of 50 from the West African Examinations Council (WAEC) Commerce 2016 Objective paper, with the correct answer and a full explanation.
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14. What is the value of the working capital? A. #47,000 B. #35,000 C. #25,000 D. #10,000
- A. #47,000
- B. #35,000
- C. #25,000Correct
- D. #10,000
Explanation
Working capital is the difference between current asset and current liabilities. Current assets(#35,000) - Creditors(#10,000)=#25,000.
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