Requirement of working capital does not depend upon any factor. (State with reason whether the given statement is true or false)
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Ans. This statement is False.
Reason: Meaning: -There is no universally accepted definition of working capital. Various financial experts used this term in different ways. Some explain it in a narrow sense while some in a wide sense. In the narrow sense, it is the "difference between current assets and current liabilities".
Reason: Meaning: -There is no universally accepted definition of working capital. Various financial experts used this term in different ways. Some explain it in a narrow sense while some in a wide sense. In the narrow sense, it is the "difference between current assets and current liabilities".
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Requirement of working capital does not depend upon any factor. (State with reason whether the given statement is true or false)
a false
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