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JSCE Business Studies 2022 Objective — Question 45

Question 45 of 100 from the Junior Secondary Certificate Examination (JSCE) Business Studies 2022 Objective paper, with the correct answer and a full explanation.

Those assets that are of long-term duration in a business are called .......

A. working capital
B. fixed capitalCorrect
C. current assets
D. circulating assets

Explanation

Long-term assets are fixed assets (fixed capital).

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