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GCE Accounting 2022 Objective — Question 12

Question 12 of 50 from the General Certificate of Education (GCE) Accounting 2022 Objective paper, with the correct answer and a full explanation.

Resources owned and controlled by a business is

A. capital
B. assetsCorrect
C. liabilities
D. drawings

Explanation

Assets are resources owned and used by a business to generate future revenues.

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