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WAEC Financial Accounting 2025 Question 48

Question 48

Company Accounts

Use the following information to answer questions 48 to 50
Ordinary shares: GH¢130,000
Fixed assets: GH¢495,000
Current assets: GH¢210,000
Income surplus: GH¢225,000
Current liabilities: GH¢95,000
The working capital is

  1. A.GH¢390,000.
  2. B.GH¢285,000.
  3. C.GH¢210,000.
  4. D.GH¢115,000.
Show the answer and explanation

Answer: D (GH¢115,000.)

Explanation

210,000 − 95,000 = GH¢115,000.