abhishreshthaa
Abhijeet S
Permanent working capital
It means the maximum amount of investment in all the current assets, which is regarded at all times to carry on minimum level of business activities.
There is always a minimum level of current assets required at all time by the firm to carry on its business activities.
This minimum level of current assets is known as permanent working capital or fixed working capital. Tandon Committee has named it as “core current assets
It means the maximum amount of investment in all the current assets, which is regarded at all times to carry on minimum level of business activities.
There is always a minimum level of current assets required at all time by the firm to carry on its business activities.
This minimum level of current assets is known as permanent working capital or fixed working capital. Tandon Committee has named it as “core current assets