The circulating capital of a business enterprise is classified into
-
A.
Cash, work-in-progress and debtors -
B.
Cash, Vehicles, land and building -
C.
debtors, stocks of raw materials and fitting -
D.
Prepayments, debtors and equipment
Correct Answer: Option 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