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WAEC Commerce 1994 Question 2

Question 2

Business Finance

Capital owned is the same as

  1. A.authorised capital
  2. B.issued capital
  3. C.net worth of a business
  4. D.fixed assets of a business
  5. E.public limited company
Show the answer and explanation

Answer: C (net worth of a business)

Explanation

Capital owned is assets minus liabilities, which is the net worth of the business.