What do raw material and money in hand called
Asked by admin @ in Social Sciences viewed by 297 People
What are raw materials and money in hand called ?
CBSE Class IX Social Science VSA (1 Mark)
Answered by admin @
The raw materials and money in hand are known as working capital, which are used for production of commodities.
In other words, working capital is the cash available for funding daily operations of an organization.
It is also called as current capital.
The formula of working capital = current assets – current liabilities.
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