WAEC - Accounts Principles Of Accounts (2018 - No. 14)

The current assets less current liabilities is
working capital
capital employed
fluctuating capital
fixed capital

Explanation

The working capital in simple terms is the money used in the day-to-day running of the business.

It is the difference between a company's current assets—such as cash, accounts receivable, inventories of raw materials, and finished goods—and its current liabilities, such as accounts payable and debts.

Comments (0)

Advertisement