Commerce Paper 2, May/June 2014  
Questions: 1 2 3 4 5 6 7 8 Main
General Comments

question 8

  1. Explain current assets giving two examples.
  2. State two uses of working capital.
  3. Question 8(c) required the candidates to calculate
  1. current liabilities;
  2. current assets;
  3. working capital.



Most candidates performed poorly for omitting the naira sign in the calculation.  Some of the required answers under the uses of working capital are as follows: It

  1. helps to determine the solvency of the business.
  2. is used in the day-to-day running of the business.
serves as check against overtrading etc.


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