Question on: JAMB Accounting - 2024
The net worth of a business is the
A
bank loan
B
capital
C
asset
D
debenture
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Correct Option: B
The net worth of a business represents the owners’ equity and is calculated as assets minus liabilities. It reflects the capital the owners have in the business.
A bank loan and debenture are liabilities, while an asset is something owned by the business, not the net worth itself.
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