Which of the following would not be an appropriate description of working capital? (a) Current assets minus
Question:
Which of the following would not be an appropriate description of working capital?
(a) Current assets minus current liabilities
(b) Capital employed in a business minus the amount tied up in non-current assets
(c) The amount of business resources available to finance the day-to-day operations
(d) The amount of capital introduced by the owner to carry on with the business operations
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Related Book For
Financial Accounting An Introduction
ISBN: 9780273737650
2nd Edition
Authors: Mr Barry Elliott, Mr Augustine Benedict
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