The money issued by Ola Maro and Co Ltd. in running the day to day...
COMMERCE
WAEC 2013
The money issued by Ola Maro and Co Ltd. in running the day to day activities of the business is represented by
- A. fixed capital
- B. capital employed
- C. paid-up capital
- D. working capital
Correct Answer: D. working capital
Explanation
Working capital is the capital of a business which is used in its day-to-day trading operations, calculated as the current assets minus the current liabilities.
Post an Explanation Or Report an Error
If you see any wrong question or answer, please leave a comment below and we'll take a look. If you doubt why the selected answer is correct or need additional more details? Please drop a comment or Contact us directly. Your email address will not be published. Required fields are marked *