The following was extracted from the books of MEGA COMPANY NIG. LTD N Trade debtors...
FINANCIAL
JAMB 2023
The following was extracted from the books of MEGA COMPANY NIG. LTD
N | |
Trade debtors | 350,000 |
Fixtures and fittings | 600,000 |
Cash at bank | 25,000 |
Cash in hand | 5,500 |
Trade creditors | 116,500 |
Bank overdraft | 7,500 |
Building | 950,000 |
Motor van | 35,000 |
The working capital of the company is
- A. N156,000
- B. N280,000
- C. N565,000
- D. N256,500
Correct Answer: D. N256,500
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