Capital owned is synonymous with the

Assessment: WAEC SSCE - Commerce - 1997 (Objective) Subject: Commerce

Question 1 Report

Capital owned is synonymous with the
Answer Details
Capital owned is synonymous with the term "net worth". Net worth is the difference between a company's assets and liabilities. It represents the amount of capital that the owners have invested in the business, and the amount that would remain if all liabilities were paid off. It is an important measure of a company's financial health, as it indicates the value of the company if it were to be sold or liquidated.
Read lesson note on Business Capital And Profits (WAEC)
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