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Drawing power calculation

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CA final Student

[ Scorecard : 38]
Posted On 12 November 2011 at 15:10 Report Abuse

A Bank provided cash credit facilties to a contractor and Drawing power will be calculated on the basis debtor and stoc. meanwhile bank also extended Bank guarantee facilty. the contractor takes advance from the contractee on the basis of bank guarantee. whether debtors amount will be reduced by the amount received from contractee during calculation of DP. plz help

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Ram Avtar Singh
Nagari Sultanpur U.P.Delhi

[ Scorecard : 13498]
Posted On 12 November 2011 at 15:42

(stock +Debtors up to 90 Days )  - (creditors+bank Guarantee)*75%= DP 

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Finance Manager

[ Scorecard : 91]
Posted On 17 November 2011 at 23:38

yes debtors wil reduce by the amount recived in advance.

as a article

[ Scorecard : 22]
Posted On 01 January 2014 at 15:42

Debtors of sister concern company should consider for DP calculation ?


What about the debtors of inter department of company would it same be considered for DP calculation or not ?


Plz... help me..

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