Question

Define revolving capital​

Answer 1

Answer:

A revolving fund is a fund or account that remains available to finance an organization's continuing operations without any fiscal year limitation, because the organization replenishes the fund by repaying money used from the account. Revolving funds have been used to support both government and non-profit operations

Explanation:

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Answer 2

Answer:

A revolving fund is a fund or account that remains available to finance an organization's continuing operations without any fiscal year limitation because the organization replenishes the fund by repaying money used from the account. Revolving funds have been used to support both government and non-profit operations.