money in hand is an example of
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It is working Capital as it exhausts during the process of production.
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Money in hand:
Money in hand is an example of working capital. Working capital is calculated as the difference between the current assets and current liabilities. In this context, cash in hand is a convenient method of investment in terms of working capital as it earns a fair return. In addition to this, immediate expenses can also be paid easily by cash (what working capital is meant for) and act as a significant working capital.
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