Question on: WAEC Accounting - 1998
Use the following information to answer the given questions
\(\begin{array}{c|c} & N \ \hline Debtors & 30,000 \ Creditor & 20,000 \ \text{Opening stock} & 15,000 \ \text{Closing stock} & 18,000\ Wages & 3,000 \ Salaries & 10,000 \ Purchases & 30,000 \ Sales & 60,000\end{array}\)
The working capital is
\(\begin{array}{c|c} & N \ \hline Debtors & 30,000 \ Creditor & 20,000 \ \text{Opening stock} & 15,000 \ \text{Closing stock} & 18,000\ Wages & 3,000 \ Salaries & 10,000 \ Purchases & 30,000 \ Sales & 60,000\end{array}\)
The working capital is
A
48,000
B
N33,000
C
N28,000
D
N25,000
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Correct Option: E
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