what is working capital?
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Answered by
12
Answer:
Working Capital:-
the capital of a business which is used in its day-to-day trading operations, calculated as the current assets minus the current liabilities.
Answered by
2
Answer:
Production requires a variety of raw materials such as the yarn used by the weaver and the clay used by the potter. Also, some money is always required during production to make payments and buy other necessary items. Raw materials and money in hand are thus called working capital.
I hope it is helpful for you.
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