Which of the following capital is required for funding the day-to-day operations of the business?

Option 1 -> Debt capital refers to borrowed funds used to finance business activities, but it's not specifically designated for day-to-day operations.

Option 2 -> Fixed capital is invested in long-term assets like machinery, buildings, and equipment, not for daily operational expenses.

Option 3 -> Working capital is the funds available for managing daily business operations such as inventory, accounts payable, and receivables.

Option 4 -> Retained earnings are accumulated profits kept in the business, which can be used for various purposes but aren't specifically for routine operations.

Hence, Option 3: Working capital -> Working capital (current assets minus current liabilities) is specifically designed to fund day-to-day business operations including inventory management, paying suppliers, meeting short-term obligations, and covering operational expenses -> correct