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Standard XII
Accountancy
Comparative Balance Sheet
Raw materials...
Question
Raw materials and money in hand are called _____.
A
Fixed capital
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B
Every thing
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C
Working capital
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D
Human capital
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E
None of these
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Solution
The correct option is
E
Working capital
1:Raw materials and money in hand are called working capital.
2:Working capital is the capital required by a business on a day to day basis.
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