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The capital used in the day to day running of a business is?

Commerce
WAEC 2015

The capital used in the day to day running of a business is?

  • A. nominal capital
  • B. working capital
  • C. paid up capital
  • D. authorized capital
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Correct Answer: Option B
Explanation

working capital is the capital of a business which is used in its day-to-day trading operations, calculated as the current assets minus the current liabilities.

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