Audit exposes widening financial strain at TSC with Sh7.9 billion negative working capital
Education and Career
Audit exposes widening financial strain at TSC with Sh7.9 billion negative working capital
During the year under review, TSC reported a deficit of Sh4.38 billion, which pushed its total accumulated deficit to Sh7.34 billion. The audit further shows that at the time of review, current liabilities stood at Sh12.3 billion while current assets were Sh4.4 billion, leaving a negative working capital of Sh7.9 billion.
By Rose Achieng