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JAMB Commerce 2005 Question 46

Question 46

Business Finance

The fixed and current assets of a business are called

  1. A.called-up capital
  2. B.capital employed
  3. C.paid-up capital
  4. D.authorized capital
Show the answer and explanation

Answer: B (capital employed)

Explanation

The total of fixed and current assets is the (gross) capital employed in the business.