WAEC Economics 2023 Objective — Question 3
Question 3 of 50 from the West African Examinations Council (WAEC) Economics 2023 Objective paper, with the correct answer and a full explanation.
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Which of the following items is not classified as working capital?
- A. EquipmentCorrect
- B. Fuel
- C. Money to pay wages
- D. Semi-finished goods
Explanation
Equipment is a fixed/capital asset, not working capital; fuel, wages and semi-finished goods are consumed in the production cycle as working capital.
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