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  5. The net worth of a b...

The net worth of a business is the

Accounts - Principles of Accounts
JAMB 2024

The net worth of a business is the

  • A. bank loan
  • B. capital
  • C. asset
  • D. debenture
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Correct Answer: Option B
Explanation

Owner's Equity/Capital is a term signifies the claim that the owners have on the company's net assets. It's essentially the difference between the company's assets and liabilities.

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