Question : It is meant for making permanent or long term needs of the business. Which concept is highlighted in the given statement?
Option 1: Fixed capital
Option 2: Working capital
Option 3: Capital structure
Option 4: None of the above
Answer (1)
24th Jan, 2024
Correct Answer: Fixed capital
Solution : Fixed capital is the money invested in fixed assets which is to be used over a long period of time. Fixed capital is made for meeting permanent or long term needs of the business.
Hence, option A is correct.
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