WAEC Commerce 2019 Objective — Question 45
Question 45 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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A business obtains part of its short-term capital from
- A. bonds
- B. debentures
- C. trade creditCorrect
- D. ordinary shares
Explanation
Trade credits (like credit purchases, accrued expenses) are short-term, since they are payable within a year.
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