the capital needed by an entrepreneur to set up a business
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Working capital
the capital needed to pay for raw materials, day-to-day running costsand credit offered to customers. Working capital = current assests - current liabilities
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Capital expenditure
the purchase of assets that are expected to last for more than one year, such as building and machinery.
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Revenue expenditure
spending on all costs and assets other than fixed assets and includes wages and salaries and materials bought for stock.
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Liquidity
the ability of a firm to be able to pay its short-term debts.
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Liquidation
when a fir
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Other cards in this set
Card 2
Front
the capital needed to pay for raw materials, day-to-day running costsand credit offered to customers. Working capital = current assests - current liabilities
Back
Working capital
Card 3
Front
the purchase of assets that are expected to last for more than one year, such as building and machinery.
Back
Card 4
Front
spending on all costs and assets other than fixed assets and includes wages and salaries and materials bought for stock.
Back
Card 5
Front
the ability of a firm to be able to pay its short-term debts.
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