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where do you get working capital?
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Answer / rama
Working capital can we get from Current assets less Current
liabilities
| Is This Answer Correct ? | 18 Yes | 1 No |
Answer / rahul
Dear Raman,
According to me working capital can be acquired through
investors and the owners of the company not from banks and
retained earning
| Is This Answer Correct ? | 4 Yes | 5 No |
Answer / bs.raman
dear rahul
working capital can be acquired through banks also.
Anyway thanks for your suggestion
| Is This Answer Correct ? | 1 Yes | 4 No |
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On 01-04-2006 Mr. Dhanpal started business with Rs.2,00,000 cash and opened a bank account with Rs.1,50,000. He purchased furniture for his business for Rs.25,000. Goods were bought from Deendayal for Rs.50,000 on credit. He sold goods for Rs.27,000 in cash and 30,000 on credit. He paid Rs. 2,500 for business expenses during April month. Rs. 10,000 was withdrawn for office purposes from the bank. Find out the closing balance of cash and bank.
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