aliensbrain
  • Home
  • Study
  • Quizzes
  • 🎤AI Practicefree
  • Notebooks
  • Community
  • Sign in
  • Financial Management/Management Accounting
  • Directions: State whether the following statement is True...
Multiple choice

Directions: State whether the following statement is True Or False.

Working capital is the difference between fixed assets and current assets.

  1. True

  2. False

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Working capital is defined as current assets minus current liabilities, not fixed assets minus current assets.

Keep practicing — related questions

  • Directions: State whether the following statement is True Or False. A decrease in current liabilities incre...
  • Directions: State whether the following statement is True Or False. The funds flow statement shows changes ...
  • Directions: State whether the following statement is True Or False. Cash or credit sales at a profit increa...
  • Directions: State whether the following statement is True Or False. Purchase of fixed asset is a use of funds.
  • The terms permanent working capital and core current assets have similar meanings.
  • Directions: Choose the correct option for the given question: No additional working capital will be require...
  • Net working capital is that portion of a firm's current assets which is financed by long term funds.
  • State whether the given statement is true or false. EDTA ⁴ - is a hexadentate ligand
Play the full quiz 🎤 Practise this topic out loud
Advertisement
© Aliensbrain | all rights reserved
  • About
  • Contact
  • Terms and Condition
  • Privacy Policy