Question

What are the purpose of fixed and working capital

Answer 1

✨ Answer ✨

Fixed capital is the investments done by the business for accruing long-term benefits. Working capital is the daily requirement pumped into the business. Fixed capital is used to acquire non-current assets of the company. Working capital is used to acquire the current assets of the company.

Explanation:

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Answer 2

• Fixed capital is the investments done by the business for accruing long-term benefits.

• Working capital is the daily requirement pumped into the business.

•Fixed capital is used to acquire non-current assets of the company.

• Working capital is used to acquire the current assets of the company.