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GCE Commerce 1990 Question 77

Question 77

Business Finance

Money spent for the day-to-day running of a business is called

  1. A.fixed capital
  2. B.working capital
  3. C.equity capital
  4. D.capital employed
  5. E.authorized capital
Show the answer and explanation

Answer: B (working capital)

Explanation

Working capital pays for day-to-day expenses such as stock and wages.