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WAEC Commerce 1991 (August) Question 76

Question 76

Business Finance

Buildings, machines and motor vehicles used for purposes of production are examples of

  1. A.current assets
  2. B.current liabilities
  3. C.working capital
  4. D.fixed assets
  5. E.liquid assets
Show the answer and explanation

Answer: D (fixed assets)

Explanation

Assets kept for long-term use in the business are fixed assets.