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WAEC Commerce 1993 Question 43

Question 43

Business Finance

The excess value of the assets of a business over its liabilities is

  1. A.capital owned
  2. B.working capital
  3. C.issued capital
  4. D.liquid capital
  5. E.reserved capital
Show the answer and explanation

Answer: A (capital owned)

Explanation

Assets minus liabilities is what the owner has in the business: capital owned.