Working Capital
Working capital is the difference between current assets and current liabilities. It measures a business’s short-term financial health and ability to meet operational expenses and short-term debt. Positive working capital suggests liquidity, while negative working capital may indicate cash flow issues or over-reliance on short-term borrowing.
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Withdrawals (Owner’s Drawings)
Withdrawals refer to funds or assets taken out of the business by the owner for personal use. These are recorded…
Working Trial Balance
A working trial balance is an internal report prepared before finalising financial statements. It includes all ledger accounts and adjustments,…
Work Order Accounting
Work order accounting tracks the costs, materials, and labour associated with specific projects or manufacturing jobs. It helps determine actual…
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