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What is the difference between current assets and current liabilities?

What is the difference between current assets and current liabilities?
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Working capital
  • B Nominal capital
  • C Capital employed
  • D Issued capital
Correct Answer: Option A
Explanation:
Working capital is the difference between current assets and current liabilities. It indicates the short-term financial resources available to a business for meeting its day-to-day obligations and operations.

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