Question 9

The state of affairs of Danchukwu Enterprises for the year ended 30th September, 1997 shows the following: 
Capital             90,000.00
Creditors          22,000.00
Vehicles            50,000.00
Furniture & Fittings 20,000.00
Cash in hand         18,000.00
Stock                     24,000.00 

(a) What is Danchukwu's working capital, using the above information?

(b) Mention four uses of working capital.

(c) Differentiate current capital from fixed capital. 

Theory

Question details

Exam body
WAEC
Subject
Commerce
Year
1998
Question no.
#9
Type
Theory

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