Download App

FINANCIAL MANAGEMENT — OCM STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceOCMFINANCIAL MANAGEMENT3 Marks
Question
State important definitions of working capital.
✓

Answer

  • According to Lincoln, Doris and Stevens, “Working capital is the excess of current assets over current liabilities.”
  • According to J. S. Mill, “The sum of the current assets means the working capital.”

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "3 Marks Each" from FINANCIAL MANAGEMENT→FINANCIAL MANAGEMENT — all question types→OCM STD 12 Commerce question papers→Gujarat Board STD 12 Commerce question papers→Gujarat Board question paper generator→

Similar questions

Distinguish between Gross Working Capital and Net Working Capital.
→
Explain: Scalar chain.
→
What is a formal organization?
→
Credit policy affects capital requirement. Explain.
→
“The aim of controlling is corrective action.”-Explain the statement.
→
Explain the concept of financial management through various definitions.
→
What is contract note? Which details it contains?
→
What is retrenchment? How can retrenchment help in staffing?
→
Discuss the impact of assets on capital structure.
→
State the positive effects of Globalization.
→