Answer Posted / sri
Generally a company needs two kinds of finances long term and
for short term. Though long term capital is important it is
the short term capital that keep a company running. It is this
short term capital which is referred to as working capital. It
is useful in meeting short term obligations. Without adequate
working capital its impossible to run a business.
It is represented by
Current assets-Current liabilities.
| Is This Answer Correct ? | 4 Yes | 1 No |
Post New Answer View All Answers
What do you debit and credit if discount allowed is underrated?
Explain a time when you have not met your goal?
what is the journal entry can be passed for an opening balance (bank, fixed asset, provisions)to the new software
how to finalised the Balance sheet & profit & loss A/C
What are accounting rules called?
What is the abbreviation for the accounting terms debit and credit?
why i want to join Hawkins company
Do you know the term account payable?
what is lease accounting?? please explain me....
As an importer of goods through letter of credit, (payment is done through indian bank to foreign back), my question is who is liable to pay with holding tax when the payment is remitted to foreign bank, whether the buyer(importer) or the seller and why?
what is the accounting treatment in tally of free goods received with goods purchased.
what are the processes of account reconcillation
when an amountis declared as NPA by a bank whether any interest can be debited to that account after the date it is declared as NPA ? What are the guidelines of Reserve Bank of India in this respect ?
What is royalty reserve?
What is the general net worth percentage banks will observe while sanctioning the Loans for Tranding, Construction and Manufacturing units.