Which of the following would not be an appropriate description of working capital? (a) Current assets minus

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Which of the following would not be an appropriate description of working capital?
(a) Current assets minus current liabilities
(b) Capital employed in a business minus the amount tied up in non-current assets
(c) The amount of business resources available to finance the day-to-day operations
(d) The amount of capital introduced by the owner to carry on with the business operations

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Financial Accounting An Introduction

ISBN: 9780273737650

2nd Edition

Authors: Mr Barry Elliott, Mr Augustine Benedict

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