The excess value of total assets over total liabilites is
COMMERCE
WAEC 2023
The excess value of total assets over total liabilites is
- A. capital owned
- B. borrowed capital
- C. paid-up capital
- D. paid-up capital
Correct Answer: A. capital owned
Explanation
The excess of the assets over liabilites is called net assets or worth and it is equivalent to total equity, owner's equity or capital owned.
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