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WAEC Commerce 2017 Question 20

Question 20

Business Finance

The amount of capital used in the day-to-day running of a company is

  1. A.working capital.
  2. B.capital employed.
  3. C.share capital.
  4. D.fixed capital.
Show the answer and explanation

Answer: A (working capital.)

Explanation

Working capital (current assets less current liabilities) finances day-to-day operations.