Capital to a business is technically?

Assessment: JAMB UTME - Commerce - 2006 Subject: Commerce

Question 1 Report

Capital to a business is technically?
Answer Details
Capital to a business is technically an asset. It refers to the resources (in the form of money, equipment, property, etc.) that a business uses to produce goods or services. It is the wealth or funds that a business has available to invest in its operations, expand its services, or pay off its debts. In accounting terms, capital is also used to represent the total value of a company's assets minus its liabilities, which is known as the company's "net worth" or "equity."
Read lesson note on Business Capital And Profits (WAEC)
Read lesson note on Commerce (JAMB)
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