Question on: JAMB Commerce - 2015
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
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Correct Option: A
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
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