what is working capital in what way it is useful for
company or orgainzation
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Answer Posted / helena gonsalvez
working capital is the capital required for the day today
operations of the business. it is also known as circulating
capital
W.C = Current assets - Current liabilities
current are those assets which can be easily converted into
cash
.Eg.cash in hand ,cash at bank
Current liabilities are those liabilities which are to be
paid within one year
Eg creditors ,Bills payable
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