Calculation of drawing power
This query is : Resolved
23 December 2013
How Sanction limit is calculated?
How to calculate the Drawing Power?
Can advances paid for the purchase of Raw material be consider as stock and added to stock?
How to calculate the Drawing Power?
Can advances paid for the purchase of Raw material be consider as stock and added to stock?
Nikhil Kaushik
(Expert)
24 December 2013
1. sanctioned limit is not calculated. it is set as per the sanction letter
2. Drawing power is computed by deducting margin from the eligible debtors/stock under the covered period
3. normally yes.. however shall depend on the sanction terms.
2. Drawing power is computed by deducting margin from the eligible debtors/stock under the covered period
3. normally yes.. however shall depend on the sanction terms.
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