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Core current assets are the permanent current assets. These are the essential assets that an organization needs to cover routine activities. To calculate the maximum permissible bank finance, core current assets value is subtracted from the total current assets, because it is not liquid.
What else can I help you with?
Calculate the maximum permissible bank finance by all the three methods suggested by Tandon Committee?
(current asset - core current asset)- (net w/c) - (other current liability) = mbpf (tandon committee)
What is the definition of MPBF?
The acronym MPBF stands for Maximum Permissible Banking Finance. It is an organization where corporate is advised not to gain too much of a current stock or asset. Instead it is suggested that they go for receivable levels and inventories using two different methods to fund corporate's capital needs.
Is gold is fixed asset or current asset?
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is closing inventory a current or non current asset
