JAMB - Commerce (2009 - No. 30)
The circulating capital of a business enterprise is classified into?
cash, work-in-progress and debtors
cash,vehicles, land and buildings
debtors , stock of raw materials and fittings
pre-payments, debtors and equipment
Explication
Circulating capital also known as working capital is money being used for the core operations of a company. Circulating capital includes cash, operating expenses, raw materials, inventory-in-process, finished goods inventory, and accounts receivable.