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1: Read the following statements (i) "Working capital is the amount of funds necessary to cover the cost of operating the enterprise." (ii) "Circulating capital means current assets of a company that are changed in the ordinary course of business from one form to another."
A.

(i) and (ii) both are correct.
B.

(i) and (ii) both are false.
C.

(i) is correct but (ii) is false.
D.

(i) is false but (ii) is correct.
 

Answer : B

Explanation :

Bhawani Singh said: (5:12pm on Friday 30th March 2018)
Option A should be the answer

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Option: A

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