Question

For the calculation of Maximum Permissible Bank finance recommended by Tandon Committee , which of the following correctly depicts the second method?  

A (Current assets – Other Current liabilities) – 25% (CA – Other Current Liabilities)
B (Current assets – Other Current liabilities) – 25% (CA – Other Current Liabilities- Existing Short term borrowings)
C (Current assets – Other Current liabilities) – 25% (CA)
D (Current assets – Other Current liabilities) – 25% (Other Current Liabilities
E None of the above
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