The circulating capital of a business enterprise is classified into?

Commerce

JAMB 2009

A. cash, work-in-progress and debtors
B. cash,vehicles, land and buildings
C. debtors , stock of raw materials and fittings
D. pre-payments, debtors and equipment

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Correct Answer: Option A

Explanation

Circulating capital also known as working capital is money being used for the core operations of a company. Circulating capital includes cash, operating expenses, raw materials, inventory-in-process, finished goods inventory, and accounts receivable.

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