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Financial Management — Business Studies STD 12 Commerce — Question

CBSE BoardEnglish MediumSTD 12 CommerceBusiness StudiesFinancial Management1 Mark
Question
What is meant by gross working capital and net working capital?
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Answer

Gross working capital refers to aggregate value of current assets. Net working capital refers to excess of current assets over current liabilities.Net working capital $=$ C.A. - C. L.

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