Bank loan
This query is : Resolved
Sankar Chakraborty
(Querist)
06 September 2011
Dear experts,
we have recd. sanction letter of loan 1.5 CRORE from bank details as under
facility Amt margin
cash credit(H) 75lac 25%
ODBD (BOOK DEBT) 75LAC 25%
pLEASE LET ,ME KNOW ABOUT MARGIN 25%
we have recd. sanction letter of loan 1.5 CRORE from bank details as under
facility Amt margin
cash credit(H) 75lac 25%
ODBD (BOOK DEBT) 75LAC 25%
pLEASE LET ,ME KNOW ABOUT MARGIN 25%
Hari Beldona
(Expert)
06 September 2011
To cover the risk of fall in prices of hypothecated stock and book debts to Bank (that realization of book debts may be doubtful or bad in case of few debtors) Hence bank deducts margin from the above:
Stock say Rs 12 lacs
Less: Margin 25% Rs 3 lacs
Drawing Power on stock Rs 9 lacs
Stock say Rs 12 lacs
Less: Margin 25% Rs 3 lacs
Drawing Power on stock Rs 9 lacs
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- EPF ECR NEW RULES Sep 17th 2026
- Issuing of delivery challan by seller of goods
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
