Which of the following is Kishora's fixed capital?

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Buffalo,Wooden-cart

Milk, buffalo

Tools, Wooden-cart

Wooden-cart, milk

answer is A.

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Detailed Solution

The buffalo and wooden cart that Kishora bought with a bank loan are his fixed assets.
His working capital is the amount left over after deducting his living expenses from the money he makes from selling the milk and moving goods on his bullock cart. Assets that are permanent and that a business does not intend to dispose of are known as fixed capital. Buildings, machines, and tools can all be used in production for a long time. We refer to these as fixed capital.

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