WAEC Book Keeping 2025 Objective — Question 2
Question 2 of 42 from the West African Examinations Council (WAEC) Book Keeping 2025 Objective paper, with the correct answer and a full explanation.
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A source of fund available to a joint-stock company is:
- A. Personal savings
- B. Loan from friends
- C. Cooperative loan
- D. Issue of sharesCorrect
Explanation
A joint-stock company can raise capital by issuing shares to members of the public.
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