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WAEC Accounting 2018 Objective — Question 7

Question 7 of 50 from the West African Examinations Council (WAEC) Accounting 2018 Objective paper, with the correct answer and a full explanation.

The claim of a proprietor of a business entity on its assets is

A. liabilities
B. capitalCorrect
C. drawings
D. funds

Explanation

The proprietor's claim on the assets of the business is represented by capital.

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