Question

Working capital is needed for meeting day to day requirement of business concern as

Answer 1

Answer:

Working capital is another part of the capital which is needed for meeting day-to-day requirement of the business concern. Hence it is also known as short-term capital. For example – payment to creditors, salary paid to workers, purchase of raw materials etc.

Explanation:

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Answer 2

Working capital is another part of capital which is needed for meeting day to day requirement of Bussiness concern ..hence it is also known as short-term capital.

Example- payment to creditors etc.