Arihant: WC Lesson

Source: Prospectus of Arihant Academy Ltd

Surprised to see that an Education co is raising funds for working capital requirements. Coaching centres are well known for their minimal need for working capital

As expected, there is 0 inventory and 0 trade receivables. But what is this other current liabilities?

Amusing to see that most of the other current liabilities is advance coaching fees !

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