WAEC Commerce 2022 Objective — Question 13

Question 13 of 50 from the West African Examinations Council (WAEC) Commerce 2022 Objective paper, with the correct answer and a full explanation.

Using: Sales N50,000, Debtors N10,000, Cash-in-hand N5,000, Opening stock N30,000, Creditors N8,000, Purchases N16,000, Overdraft N12,000, Closing stock N10,000 — calculate the working capital.

A. N35,000.00
B. N20,000.00
C. N15,000.00
D. N14,000.00

Explanation

Working capital = current assets − current liabilities = (Debtors+Cash+Closing stock) − (Creditors+Overdraft) = (10,000+5,000+10,000) − (8,000+12,000) = 25,000−20,000 = N5,000. None of the listed options match this computed value.

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