The circulating capital of a business enterprise is classified into?
-
cash, work-in-progress and debtors
- cash,vehicles, land and buildings
- debtors , stock of raw materials and fittings
- pre-payments, debtors and equipment
The correct answer is: A
Explanation
Circulating capital also known as working capital is money being used for the core operations of a company. Circulating capital includes cash, operating expenses, raw materials, inventory-in-process, finished goods inventory, and accounts receivable.