banner_ad

CASH CREDIT LIMIT AND DRAWING POWER UTILISATION

This query is : Resolved 
Profile Image

Profile Image

(Querist)
15 July 2011 KINDLY PROVIDE DETAIL POINT WISE INFORMATION ON :-

1) CASH CREDIT LIMIT SANCTION AND DRAWING POWER IS FOR WHAT DURATION?

2) IS THE CC LIMIT IS GIVEN PER DAY BASIS, I.E., AMOUNT OF DRAWING POWER CAN BE USED ON FOR THE SINGLE DAY OR FOR THE MONTH.

3) HOW WORKING CAPITAL TERM LOAN IS DIFFERENT FROM CASH CREDIT IN USAGE SENSE.

4) IS THE CHEQUE BOOK IS ISSUED BY BANK IN CASE OF WORKING CAPITAL TERM LOAN A/C.
Profile Image

CMA Ramesh Krishnan

Profile Image

CMA Ramesh Krishnan (Expert)
15 July 2011 Once the CC limit fixed that is perpetual basis, based on your operating that account

it is not day or monthly basis., the limit fixed by amount basis

W.C term loan is different from CC

W.C term loan account will not contain cheque books
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details