Concept:Circulating capital refers to the current assets used in the daily running of a business.
Explanation:Circulating capital is the capital tied up in short-term assets that are regularly converted into cash.
It includes cash, work-in-progress, debtors, stock, and prepayments.
These assets are constantly circulating through the business cycle.
Non-current assets like vehicles, land, buildings, and equipment are fixed capital, not circulating capital.
Among the options, only cash, work-in-progress, and debtors are all examples of circulating capital.
Answer:A. Cash, work-in-progress and debtors.