The circulating capital of a business enterprise is classified into
A. Cash, work-in-progress and debtors B. Cash, Vehicles, land and building C. debtors, stocks of raw materials and fitting D. Prepayments, debtors and equipment
Correct Answer: A
Explanation
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
