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.