passwella.
Menu

WAEC Financial Accounting 2026 Question 47

Question 47

Interpretation of Accounts

Use the following information to answer questions 46 to 48.
Stock: Le 70,000
Creditors: Le 14,000
Debtors: Le 44,000
Accrued income: Le 20,000
Bank overdraft: Le 50,000
The working capital is

  1. A.Le 134,000
  2. B.Le 100,000
  3. C.Le 70,000
  4. D.Le 64,000
Show the answer and explanation

Answer: C (Le 70,000)

Explanation

Current assets 134,000 − current liabilities (14,000 + 50,000 = 64,000) = Le 70,000.