WAEC Commerce 2013 Question 34

Question 34

Business Finance

The money used by Ola Maro and Co. Ltd. in running the day-to-day activities of the business is represented by

  1. A.fixed capital.
  2. B.capital employed.
  3. C.paid-up capital.
  4. D.working capital.
Show the answer and explanation

Answer: D (working capital.)

Explanation

Working capital pays for day-to-day running.