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WAEC Commerce 1998 Question 82

Question 82

Business Calculations

The total assets of a business minus its total liability is the

  1. A.net profit
  2. B.capital owned
  3. C.working capital
  4. D.capital employed
  5. E.gross profit
Show the answer and explanation

Answer: B (capital owned)

Explanation

Assets − liabilities = capital owned (net worth).