JAMB - Commerce (2015 - No. 39)
The circulating capital of a business enterprise is classified into
Cash, work-in-progress and debtors
Cash, Vehicles, land and building
debtors, stocks of raw materials and fitting
Prepayments, debtors and equipment
Explicação
circulating capital is the amount of many used for day-to-day running of the business. It is the capital available to a firm for general purpose after current liabilities have been deducted. It is the excess of current liabilities over the current liabilities