Use the following to answer the given question

$\begin{array}{c|c} & N \\ \hline sales & 45,000 \\ \text{Opening stock} & 20,000 \\ \text{Closing sock} & 30,000 \\ Expenses & 15,000 \\ \text{Fixed assets} & 40,000 \\ Debtors & 10,000 \\ Creditors & 5,000 \\ Purchases & 25,000 \end{array}$

Working capital is

Similar Questions

When a business is purchased from a sole trader, the excess of the purchase price over the net asset...

Jeng Limited disposed a fixed asset in 1999 for N2,000. The asset was purchased in 1996 at a cost of...

The rule of accounting equation requires that account payable should be placed under ...

The purpose of keeping Sales and Purchases Ledger Control Account is to  ...

Rent paid during 1995 was N2,000 while rent paid at 31st December, 1995 was ...

Dairo and Segun are in partnership sharing profits and losses in the ratio 2:3 respec...

Dairo and Segun are in partnership sharing profits and losses in the ratio 2:3 respec...

Which of the following item is found on the credit side of the sales ledger control account? ...

The financial position of an organization at a particular time can be ascertained from the ...

Given: Fixed assets Liabilities Current assets ₦ 55,000 20...