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WAEC Accounting 2017 Objective — Question 2

Question 2 of 50 from the West African Examinations Council (WAEC) Accounting 2017 Objective paper, with the correct answer and a full explanation.

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2. The claim on the assets of a business by outsiders is

  • A. A. capital
  • B. B. liabilitiesCorrect
  • C. C. reserves
  • D. D. provisions

Explanation

Liabilities are claims outsiders have against the asset of the company.

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