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Classify the following into fixed and working capital. Give Reasons: 1. A television set in a hotel room. 2. Iron-ore in a steel plant |
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Answer» 1. Fixed Capital: Reason: A television set in a hotel room is an asset to the owner and can be used repeatedly. 2. Working Capital: Reason: Iron-ore in a steel plant can be used once since it is a raw material to the plant. |
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