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The circulating capital of a business enterprise is classified into

The circulating capital of a business enterprise is classified into
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • 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

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