Use the following information to answer the following questions: Items Le Debtor 30,000 Cash in
COMMERCE
WAEC 2018
Items | Le |
Debtor | 30,000 |
Cash in hand | 6,750 |
Plant and machinery | 72,000 |
Motor van | 31,000 |
Stock of raw materials | 12,000 |
Loan | 50,000 |
Trade creditors | 43,000 |
Calculate
(a) The liquid capital for the business
(b) The fixed assets
(c) Teesan Enterprise's capital or statement of affairs as at 31/10/2010.
(d) The working capital for Teesan Enterprises Ltd.
Explanation
(a) Liquid Capital Le
Debtors 30,000 Cash 6,75036,750
(b) fixed Assets Le plant and machinery 72,000 motor van31,000103,000
(c) Teesan Enterprise's capita Item le Le cash at hand 6,750
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 Your email address will not be published.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 *