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

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Commerce WAEC 2015

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

  • nominal capital
  • working capital checkmark
  • paid up capital
  • authorized capital

The correct answer is: 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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