WAEC Commerce 2023 Objective — Question 11
Question 11 of 50 from the West African Examinations Council (WAEC) Commerce 2023 Objective paper, with the correct answer and a full explanation.
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The excess value of total assets over total liabilities is A. working capital.
- A. working capital
- B. paid-up capital
- C. capital ownedCorrect
- D. borrowed capital
Explanation
The difference between the total assets and liabilities is capital of the owner of the business — capital owned.
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