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ACTUAL Summary PSC Finance and Business Skills Exam Notes 2024 (Distinction)
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ACTUAL Summary PSC Finance and Business Skills Exam Notes 2024 (Distinction) Question 1: Which of the following best defines working capital? A) The total assets of a company B) The total liabilities of a company C) The difference between current assets and current liabilities D) The long-term investments of a company Answer: C) The difference between current assets and current liabilities Explanation: Working capital is the capital available for the day-to-day operations of a business. It is calculated by subtracting current liabilities from current assets. This capital is essential for meeting short-term obligations such as paying bills, salaries, and other operational expenses.
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