Regarding working capital account
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 October 2012
sir,
kindly tell me how to pass entry to show working capital a/c, and the working capital a/c should be created under what heading?
kindly tell me how to pass entry to show working capital a/c, and the working capital a/c should be created under what heading?
CA.Vinita Gupta
(Expert)
23 October 2012
What do you mean by Working Cspital Account?
Working Capital= Current Assets- Current Liabilities
Current Assets include Inventory Debtors, Advances from Suppliers, Receivables
Current Liabilities include Sundry Creditors, Payables
Working Capital= Current Assets- Current Liabilities
Current Assets include Inventory Debtors, Advances from Suppliers, Receivables
Current Liabilities include Sundry Creditors, Payables
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