the sources of working capital is
a) debtors
b) cash sales
c) bank overdraft
d) all of these
Answers
Answered by
0
Answer:
Answer is (c)
Explanation:
bank overdraft
Answered by
1
Debtors, cash sales, and bank overdrafts are the sources of working capital.
Explanation:
- Working capital can be defined as the amount of money that is invested in the business for carrying out its day-to-day operations.
- A business can borrow money from sources such as money lenders or banks. They are the debtors of the business.
- Moreover, cash generated from the sale of the products are is also an important source of getting funds for day-to-day usage.
- Bank overdrafts also allow a firm to get some finances.
- Therefore D is the correct answer.
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