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FINANCIAL MANAGEMENT — OCM STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceOCMFINANCIAL MANAGEMENT2 Marks
Question
“Working capital means circulating capital in business”-Explain.
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Answer

Working capital is employed in current assists of business such as raw material, debtors bills payable, etc. This capital is constantly circulating in business so it is called circulating capital.

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