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
Giải thích
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