Question

.8. Money invested in purchasing of raw materials, payments of wages and salaries, electricity etc comes under _________. *
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Answer 1

Answer:

Invested money as raw materials

Answer 2

Answer:

Working capital refers to the raw materials and cash on hand that are used in the production of goods. Another name for it is the current capital.

Explanation:

• Working capital or current capital is the capital invested in current or working assets such as stock of materials and finished goods, accounts receivable, bills receivable, short-term securities, and cash or bank balance for meeting day-to-day expenses.
• It represents an investment for a limited time.
• Working capital consists of raw materials, inventory, and money that must be used to pay employees' wages and meet day-to-day expenses.
• They are referred to as working capital because they deplete after a single use or change form when used.

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