Drawing power
dinesh kumar (ACCOUNTANT) (32 Points)
06 September 2016
how to calculate drawing power if stock is 34550000 and creditors 83750420 and debtors 104612450
dinesh kumar (ACCOUNTANT) (32 Points)
06 September 2016
Nitesh joshi
(Ca final)
(115 Points)
Replied 06 September 2016
Drawing Power is calculated after deducting margin from “Stock Less Creditors + Book Debts” for the month.
dinesh kumar
(ACCOUNTANT)
(32 Points)
Replied 06 September 2016
if creditors is more than stock then how to calculate
Nitesh joshi
(Ca final)
(115 Points)
Replied 06 September 2016
If creditors are more, you won’t be granted the LC and BG limits. If you already have LC and BG limits, same will be deducted from the calculated limits
ASHWANI DHANUKA
(Chartered Accountant)
(573 Points)
Replied 06 September 2016
CA.Vinita Gupta
(Deputy Manager- Finance)
(2918 Points)
Replied 06 September 2016
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