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
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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.
To know more about Capital management
What is management of cash in working capital management explain?
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