what is the meaning of working capital?.what is its effects on day to day life?
Answers
Answered by
1
Answer:
Raw materials and money in hand is known as working capital some money is always required during production to make payments and by other necessary items working capital is money available to a company for day to day operations the formula of working capital is current assets - current liabilities
krishh2001:
thank you so much
Answered by
0
Answer: The capital employed inthe business which is used for its day to day operations is called working capital.
It includes cash in hand, cash at bank, market security etc. (Current Assets) which are liquid in nature and can be used to meet day to day expenses (Generally of Revenue nature)
Similar questions