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Working capital is the amount of funds necessary to cover the cost of operating the enterp

Read the following statements

(i) "Working capital is the amount of funds necessary to cover the cost of operating the enterprise."

(ii) "Circulating capital means current assets of a company that are changed in the ordinary course of business from one form to another."

A.(i) and (ii) both are correct.

B.(i) and (ii) both are false.

C.(i) is correct but (ii) is false.

D.(i) is false but (ii) is correct.

Dec 10 2017 View more View Less

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