WAEC Commerce 2019 Objective — Question 24
Question 24 of 50 from the West African Examinations Council (WAEC) Commerce 2019 Objective paper, with the correct answer and a full explanation.
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Building and machinery purchased for use in business are examples of
- A. current assets
- B. fixed assetsCorrect
- C. capital employed
- D. paid up capital
Explanation
Fixed assets are assets used for more than one accounting period, such as land, premises, and motor vehicles.
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