Question 8

Use the following information to answer the given questions
\(\begin{array}{c|c} & N \\ \hline Debtors & 30,000 \\ Creditor & 20,000 \\ \text{Opening stock} & 15,000 \\ \text{Closing stock} & 18,000\\ Wages & 3,000 \\ Salaries & 10,000 \\ Purchases & 30,000 \\ Sales & 60,000\end{array}\)
The working capital is

  • A.48,000
  • B.N33,000
  • C.N28,000
  • D.N25,000
  • E.N10,000
Objective

Question details

Exam body
WAEC
Subject
Accounts - principles of accounts
Year
1998
Question no.
#8
Type
Objective

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