WAEC Accounting 2017 Objective — Question 37
Question 37 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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37. Working capital is the excess of
- A. A. current assets over fixed assets
- B. B. current liabilities over current assets
- C. C. fixed assets over current liabilities
- D. D. current assets over current liabilitiesCorrect
Explanation
Working capital = current asset - current liabilities.
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