Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 25 - No. 11)
What is 'Working Capital'?
Total assets minus total liabilities.
Current assets minus current liabilities.
Long-term assets minus long-term liabilities.
Owner's equity.
Explanation
Working capital is calculated as current assets less current liabilities. It represents a company's ability to meet its short-term obligations.
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