define working capital
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Explanation:
the working capital of a business which is used in its day-to-day trading operations, calculated as the current assets minus the current liabilities.
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Answer:
Working capital--
**Working Capital = Current Assets - Current Liabilities**
Current Assets: An asset is classified as current when:
(i) It is expected to be realised or intends to be sold or consumed in normal operating cycle of the entity;
(ii) The asset is held primarily for the purpose of trading;
(iii) It is expected to be realised within twelve months after the reporting period;
(iv) It is non- restricted cash or cash equivalent.
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