The amount of capital used in the day-to-day running of a company is?
Answer Details
Working capital refers to the amount of money that a company uses in its daily operations. It is the amount of funds used to cover short-term expenses such as paying employees, buying raw materials, and paying bills. In other words, working capital is the money a company has available to meet its short-term obligations and keep its operations running smoothly. It is an important indicator of a company's financial health, as it shows whether it has enough resources to pay its debts and continue operating in the future.