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JAMB Accounting 2020 Objective — Question 37

Question 37 of 40 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2020 Objective paper, with the correct answer and a full explanation.

37. Working capital is

A. A. Total assets - liabilities
B. B. Current liabilities - current assets
C. C. Capital - liabilities
D. D. Current assets - current liabilitiesCorrect

Explanation

Working capital = current asset - current liability.

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