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which of the following items is not an example of circulating capital

Economics
WAEC 2017

which of the following items is not an example of circulating capital

  • A. raw material
  • B. money
  • C. fuel
  • D. machinery
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Correct Answer: Option D
Explanation

Circulating capital can consist of cash, operating expenses, raw materials, inventory in process, finished goods inventory and accounts receivable.

Circulating capital is frequently referred to as working capital or alternatively, revolving capital.

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