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What do we call raw materials …

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What do we call raw materials and money in hand?

Posted by Nandhana K.B 6 years, 11 months ago

Yogita Ingle 6 years, 11 months ago

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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