Read the following statements :
(i) “Working Capital is the amount of funds necessary to cover the cost of operating the enterprise.”
(ii) “Circulating capital means current assets of a company that are changed in the ordinary course of business from one form to another.”
1
(i) and (ii) both are correct.
2
(i) and (ii) both are false.
3
(i) is correct, but (ii) is false
4
(i) is false, but (ii) is correct.