A trader started business with #30,000 and spent #20,000 in buying premises and equipment, the
COMMERCE
WAEC 1998
A trader started business with #30,000 and spent #20,000 in buying premises and equipment, the balance of #10,000 is his
- A. authorised capital
- B. fixed capital
- C. working capital
- D. capital owned
Correct Answer: C. working capital
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