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The excess of the assets over the liabilities of a business is called?

Commerce
JAMB 2005

The excess of the assets over the liabilities of a business is called?

  • A. working capital
  • B. net worth
  • C. capital employed
  • D. initial capital
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Correct Answer: Option C
Explanation

The excess of total assets over total liabilities is called net assets and is equivalent to total equity or owner's equity.

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