june 2011 Q1

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December 3, 2014 at 3:50 am #216584
Ashwin
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Sir, if we do not recover all working capital in the 4th year, is it a mistake because there’s no mention to recover all in 4th year and examiner has recover all in his answer!

thanks
December 3, 2014 at 8:27 am #216678
John Moffat
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It is a mistake (but it is only a mark). Always recover the working capital unless specifically told not to in the question.
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