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Answer Posted / sunil pandey
Available capital for day to day working with a organisation
We can calculate working capital by useing this farmula
Working Capital=Current Assets-Current Liability
Current Assets include(debtors+stock+cash & Bank)
Current Liability(Creditors+BO etc)
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A COMPANY IS SERVICE PROVIDE TO B CO. 100,000 AND CHARGED STAX 10000 TOTAL BILL RAISED 110000 AND RECIEVED 30% FROM B IN DECEMBER AND 40% RECIEVED IN 10JAN2011, BALANCE 40% RECD IN 10 FEB2011 WHAT WILL BE GENERATED ACCORDING ACCOUNTING PRENCIPLE OF BOTH SIDE (MEAN A &B) WITH REVANUE& PROVISION PLEASE TELL ME
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