In working capital we use two concepts-net working capital(NWC) and gross working capital(GWC).
As we know NWC is the positive difference between current assets and current liabilities, while GWC is the total of current assets, which is nothing but the gross current assets.

So can it be possible to have a concept called gross current liabilities?

Discuss the concepts of working capital. What shall be the repercussions if the firm has (a) shortage of working capital (b)Excess of working capital