The excess of the assets over the liabilities of a business is called
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Correct Answer: Option B
Explanation:
Net worth is the excess of a business's total assets over its total liabilities. It represents the owner's interest in the business after all liabilities have been deducted from the assets.
Net worth is the excess of a business's total assets over its total liabilities. It represents the owner's interest in the business after all liabilities have been deducted from the assets.