The term working capital refers to the assets and liabilities required to operate a business on a day to day basis.

Question

Quizplus · Accepted Answer

Working capital is the difference between current assets and current liabilities, and it represents the funds that a company has available for its daily operations. It's a measure of a company's short-term financial health and its ability to cover its immediate expenses.

The Term Working Capital Refers to the Assets and Liabilities