20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for March and June 2025 exams.
Get your discount code >>

working capital

This topic has 1 reply, 2 voices, and was last updated 5 years ago by John Moffat.

Viewing 2 posts - 1 through 2 (of 2 total)

Author
Posts
January 24, 2020 at 11:06 am #559813
hemantjp
Participant
- Topics: 11
- Replies: 7
Hi Sir,
June 2013 question paper – que.3(a)(ii) ,TGA co.
calculation of revised overdraft level for ratio, why should net working capital ($300800) need to deduct ?
Thanks
January 25, 2020 at 10:05 am #559851
John Moffat
Keymaster
- Topics: 57
- Replies: 54659
It is because the question says that the net working capital will not change and so will stay at 300,800. So the overdraft has to be the missing figure.
Author
Posts

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.