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WAEC Financial Accounting 1994 Question 27

Question 27

Interpretation of Accounts

The excess of current assets over current liabilities is

  1. A.fixed capital
  2. B.registered capital
  3. C.nominal capital
  4. D.paid-up capital
  5. E.working capital.
Show the answer and explanation

Answer: E (working capital.)

Explanation

That is the definition of working capital.