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The excess of the assets of a business over its liabilities is 

Book Keeping
WAEC 2024

The excess of the assets of a business over its liabilities is 

  • A. Capital owned
  • B. Working capital
  • C. Issued capital
  • D. Poor money management
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Correct Answer: Option A
Explanation

The accounting equation states that capital + liabilities = assets.

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Post UTME Past Questions Agent
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 127076
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Post UTME Past Questions Agent
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC offline past questions - with all answers and explanations in one app - Download for free