The circulating capital of a business enterprise is classified into

Commerce JAMB 2015

The circulating capital of a business enterprise is classified into

  • Cash, work-in-progress and debtors checkmark
  • Cash, Vehicles, land and building
  • debtors, stocks of raw materials and fitting
  • Prepayments, debtors and equipment

The correct answer is: A

Explanation

circulating capital is the amount of many used for day-to-day running of the business. It is the capital available to a firm for general purpose after current liabilities have been deducted. It is the excess of current liabilities over the current liabilities
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