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That's just it, capital is the amount of money we need to start up a business, this has been the most reason why lots of people don't start up a business, they lack capital to start up.Working capital is the daily amount of money individual needs in other to run daily work and expensive,this will make work move smoothly
That's just it, capital is the amount of money we need to start up a business, this has been the most reason why lots of people don't start up a business, they lack capital to start up.
In my own opinion and definition , I believe working capital is the total amount of money you have to start your business , it might sometimes bupe a huge money depending in the type of business you are starting .
This are money that use to do business without spending any penny out of it.Give me a definition for this term ? And what Its importance ?
This is very interesting, Indeed we learn everyday.The working capital is the amount of money you need to be running the business on a day-to-day basis. There are some things that cannot be effectively put on the budget so you have two separately account for them.
The sum of an industry's assets minus its current liabilities is referred to as working capital. It indicates the assets a business has on hand to pay its immediate debts and fund recurring activities. A company's ability to satisfy its short-term debt commitments is suggested by a positive working capital balance rather than a negative working capital balance.Give me a definition for this term ? And what Its importance ?
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