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The net worth of a business is the

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Accounts - Principles of Accounts JAMB 2024

The net worth of a business is the

  • bank loan
  • capital checkmark
  • asset
  • debenture

The correct answer is: B

Explanation

Owner's Equity/Capital is a term signifies the claim that the owners have on the company's net assets. It's essentially the difference between the company's assets and liabilities.

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