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The excess value of total assets over total liabilites is

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Commerce WAEC 2023

The excess value of total assets over total liabilites is

  • capital owned checkmark
  • borrowed capital
  • paid-up capital
  • paid-up capital

The correct answer is: A

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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