Commerce May/June 2015

Question 8

  1. The candidates were required to calculate from given balances on the following:

              (a)      Working capital;

              (b)      Circulating capital;

              (c)      Capital owned;

              (d)      Fixed assets.

 

 

Observation

The few candidates that attempted this question did not perform well.  The following should be noted:

(a)      Working Capital  =  current asset – current liabilities

(b)      Circulating capital is the same thing with current assets.

(c)      Capital owned + owner equity.