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WAEC Commerce 1998 Question 33

Question 33

Business Finance

Money spent on acquiring vehicles, furniture and fittings by a manufacturing company is termed

  1. A.circulating capital
  2. B.working capital
  3. C.fictitious capital
  4. D.fixed capital
  5. E.capital owned
Show the answer and explanation

Answer: D (fixed capital)

Explanation

Vehicles, furniture and fittings are fixed assets bought with fixed capital.