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c/c accounts related query

This query is : Resolved 
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(Querist)
27 March 2010 how the percentage of c/c will be allowed by bank on the basis of annual turnover of an entity & how it will be calculated.
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Rahul Gupta

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Rahul Gupta (Expert)
27 March 2010 Generally loan amount is about 20% to 25% of the turnover. However, it is just an idea, and teh amount depends upon the bank to bank basis.Every bank has its own formula and considers the turnover, working capital, loans already taken, cash and bank balance, amount of securtity provided..and other relevant factors.
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CA Ashok Kumar Sahu

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CA Ashok Kumar Sahu (Expert)
27 March 2010 agreed
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