A businessman started with N100,000 and spent N80,000 in buying premises and equipment. The balance…

A businessman started with N100,000 and spent N80,000 in buying premises and equipment. The balance of N20,000 is his
  • A.
    authorized capital
  • B.
    called-up capital
  • C.
    capital employed
  • D.
    fixed capital
  • E.
    working capital
Correct Answer: Option E
Explanation
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