The money used by Njie & Co. Ltd in running the day-to-day activities of the business is represented by

The money used by Njie & Co. Ltd in running the day-to-day activities of the business is represented by "current assets less current liabilities". Current assets are assets that can be easily converted into cash within a year, such as cash in hand, accounts receivable, and inventory. Current liabilities are the obligations of the business that are expected to be paid within a year, such as accounts payable and salaries payable. The difference between current assets and current liabilities is referred to as working capital, which is the money that a company has available for its day-to-day operations. Therefore, the formula for working capital is current assets minus current liabilities.