Working capital of a business is the excess of current assets over current liabilities.

Name: Working capital of a business is the excess of current assets over current liabilities.
Brand: Quizplus
Rating: 4.9 (30 reviews)

Question

Quizplus · Accepted Answer

Working capital is calculated as the difference between current assets and current liabilities, which represents the amount of funds available for a business to finance its day-to-day operations. Therefore, the statement "Working capital of a business is the excess of current assets over current liabilities" is true.

Working Capital of a Business Is the Excess of Current