A. nominal capital
B. working capital
C. paid-up capital
D. authorized capital
Correct Answer: Option B
B. working capital
Explanation
Working capital is the capital of a business which is used in its day-to-day trading operations, calculated as the current assets minus the current liabilities.
300 Level Estate Management and Valuation Department exam questions and detailed answers. Download the answers…
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200 Level Estate Management and Valuation Department exam questions and detailed answers. Download the answers…
200 Level Estate Management and Valuation Department exam questions and detailed answers. Download the answers…