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SS3 Commerce

Capital (i)

Overview

Explain the meaning of capital from the point of view of the accountant, economist and the layman, List and explain the chalkvarious types of capital; Describe and calculate the working capital in a given problem. State the importance of working capital.

What you'll learn
  • Meaning
  • Economists concept;
  • Accountants concept
  • Layman's concepts.
  • Types:
  • Authorized,
  • registered, nominal, issued capital, called up, paid up capital, capital employed, . liquid/circulating capital.
  • Calculation of working capital
  • Importance of working capital.