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Q. What do you mean by Gross working capital?
Gross working capital: - Gross working capital demotes to firms investment in current assets. Current assets are the assets which are able to be converted into cash within an accounting year and include short-term securities, cash, debtors, bill receivables and stock. As-per to this concept working capital means Gross working Capital which is the total of all current assets of a business. It is able to be represented by the following equation:
Gross Working Capital = Total Current Assets
As-per to the Bonneville and Dewey: - 'Any acquirement of funds which increases the current assets increases working capital for they are one and the same'.
Determine the Fields of Finance Academic discipline of financial management may be viewed as made up of five specialized fields. In every field, financial manager is dealing wi
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