CSEC Principles of Accounts · January 2009 · Paper 2 · Question 6(c)(i)
State what a negative working capital indicates about the financial position of a business.
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Practise this questionOther parts of this question
- 6(a)Prepare the Profit and Loss Appropriation Account for Serve-Me-Well Ltd. for the year ended November 30, 2008.[5 marks]
- 6(b)Prepare a Classified Balance Sheet in vertical style for Serve-Me-Well Ltd. as at November 30, 2008.[13 marks]
- 6(c)(ii)Identify ONE method, other than issuing shares, which Serve-Me-Well could have used to finance the business.[1 mark]
More practice: the rest of this paper · more Income Statements and Balance Sheets for Sole Traders questions · all CSEC Principles of Accounts past papers