Meaning of working capital, stock, debtors and creditors Flashcards
1
Q
What is Working Capital?
A
Capital used in business’ day to day activities, current assets minus the current liabilities
2
Q
What is Stock?
A
Either company shares or the inventory of goods held
3
Q
What are Debtors?
A
A person or organization that owes money to another entity (creditor)
4
Q
What are Creditors?
A
A person or institution to whom money is owed
