Question

the sum of the current asset is the....... of business''-J.S. Mill
A - Fixed Capital
B - working Capital
C - Total Capital
D - Net Capital​

Answer 1

The sum of the current asset is the working capital of business''-J.S. Mill.

Option: (B)

Explanation:

• Working capital management refers to  the management of short-term liabilities and short-term assets.

• The process is used in a continuous process to operate and generate cash flow to meet the need for short- term obligations and daily operational expenses

• The working capital is needed for purchase of raw materials, other components and spares,  for paying the wages and salaries for  incurring day to day expenses.

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What is management of cash in working capital management explain?

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