Question
The term Gross Working Capital is known as:
Solution
The term "Gross Working Capital" refers to the total amount of investment made in current assets by a company. Current assets are those assets that are expected to be converted into cash within one year or the operating cycle of the business, whichever is longer. Examples of current assets include cash, accounts receivable, inventory, and prepaid expenses.
More Accounts Questions
- If there exists a specific sports fund, the expenses incurred in relation to sports activities will be taken to:
- What is the primary purpose of bookkeeping in business?
- What is the full form of CVC written on the credit cards?
- A delay of 31 to 60 days in repayment of loan obligation to a bank will be classified under which category as per IRAC norms?
- Which of the following is a condition that makes a fixed budget suitable?
- Which of the following has an asymmetric payoff structure?
- Which of the following accounting entries is correct for buyback of shares using free reserves?
- Β Which of the following is not a tool of financial statement analysis?
- Which of these is a liability arising from construction contracts under percentage-of-completion where billings exceed progress?
- Which of the following incomes is not chargeable under the head "Income from Business or Profession"?