Q54
Read the following statements: 1. Working capital is the amount of funds necessary to cover the cost of operating the enterprise. 2. Circulating capital means current assets of a company that are changed in the ordinary course of business from one form to another.
A.
1 and 2 both are correct
AnswerB.
1 and 2 both are incorrect
C.
1 is correct, but 2 is incorrect
D.
1 is incorrect, but 2 is correct
Answer: Option A
Solution
Answer: Option A
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