Which kind of capital diesel have fixed capital or working capital?
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Answer:
Diesel is working capital
Explanation:
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Fixed Capital is the capital which is invested in business for procuring the fixed assets required for the working of the business. Whereas the working capital is the capital which is required by the company for the purpose of financing its day to day operations
Explanation:
- Capital is the most important ingredient in any business. Without capital no business can be run and the business cannot exist.
- Fixed capital is investment done by business for acquiring non- current assets for the company for a long term business. It cannot be converted to cash or kind immediately.
- On the other hand the working capital is used for acquiring current assets for the company. It can be converted into cash or kind immediately.
To know more about capital
What is capital, fixed capital and human capital
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