Answer / v.raghunadh corporate advocate

working capital simply means capital meant for working and if the working capital is not maintained sufficiently the impact may fall upon the working or functioning of the organisation. Working capital is simply the sum total of all current assets maintained by the company and net working capital is nettting af all current liabilities from the current assets.

If a consultant charged his fee n receive so can i pass the journal entry n how i can i maintain bal sheet

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