core current assets
This query is : Resolved
23 December 2009
what is "core current assets" in the chapter of working capital requirement ?
24 December 2009
For calculating Maximum permissible bank finance 3 methods were recommended by Tandon Committee. In the third method it was suggested that Core Current Assets i.e. permanent current assets (that means bare minimum level of raw material, work in progress, finished goods and stores to keep the manufacturing process going on) should be financed from long term funds.
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