Question
Consider the following statements on Working Capital
Assessment: 1. The Tandon Committee suggested the "Maximum Permissible Bank Finance" (MPBF) method. 2. Nayak Committee recommendations are used for MSMEs with credit limits up to ₹5 Crore. 3. Operating Cycle method is used to calculate the time taken to convert cash back into cash. Which of the statements above is/are correct?Solution
All statements are correct. The Nayak Committee's "Turnover Method" is the standard for small-scale units (20% of projected annual turnover).
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