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WAEC Accounting 2018 Objective — Question 14

Question 14 of 50 from the West African Examinations Council (WAEC) Accounting 2018 Objective paper, with the correct answer and a full explanation.

Current assets less current liabilities is

A. working capitalCorrect
B. capital employed
C. fluctuating capital
D. fixed capital

Explanation

Working capital is defined as current assets minus current liabilities.

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