The state of affairs of Danchukwu Enterprises for the year ended 30th September, 1997 shows the following: Capital 90,000.00 Creditors 22,000.00 Vehicles 50...

Question 1 Report

The state of affairs of Danchukwu Enterprises for the year ended 30th September, 1997 shows the following: 
Capital             90,000.00
Creditors          22,000.00
Vehicles            50,000.00
Furniture & Fittings 20,000.00
Cash in hand         18,000.00
Stock                     24,000.00 

(a) What is Danchukwu's working capital, using the above information?

(b) Mention four uses of working capital.

(c) Differentiate current capital from fixed capital. 

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