Which one of the following transactions decreases a business's working capital?
A) A fixed asset is sold for cash.
B) A creditor is paid an amount due of £3000.
C) The owner draws £1000 for personal use
D) A loss is made for the year
Correct Answer:
Verified
Q10: Overtrading is when the business is trading
Q11: Grunweld Ltd extract of financial information for
Q12: A negative working capital means that current
Q13: The following is an extract from Colin's
Q14: The maintenance of a cash balance is
Q15: Barbara buys a fixed asset for £7000
Q16: Ewan Ltd makes an operating profit of
Q17: The following is an extract from Ian’s
Q18: The working capital cycle is the period
Q20: Which of the following statements is correct?
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents