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Calculation of drawing power

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(Querist)
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?
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Nikhil Kaushik online

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Nikhil Kaushik online (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.

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