NECO Commerce 2025 Objective — Question 11
Question 11 of 50 from the National Examinations Council (NECO) Commerce 2025 Objective paper, with the correct answer and a full explanation.
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In business, the net value of the owner's assets is
- A. working capital
- B. nominal capital
- C. fixed capital
- D. capital ownedCorrect
Explanation
The net value of the owner's assets (after deducting liabilities) represents the capital owned by the business proprietor.
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