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WAEC Accounting 2013 Objective — Question 48

Question 48 of 50 from the West African Examinations Council (WAEC) Accounting 2013 Objective paper, with the correct answer and a full explanation.

Excess of current assets over current liabilities is a

A. deferred capital
B. nominal capital
C. working capitalCorrect
D. authorized capital

Explanation

Working capital is the difference between current asset and current liabilities.

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