Cc limit
This query is : Resolved
Jaideep Srivastava
(Querist)
01 October 2014
There is a case of need of working capital to the client who does not have stock .Take a case of news paper agency owners the whole of stock is sold the same day.How can they arrange funds for payment to the news papers company as the revenue collection is not so fast.
Nikhil Kaushik
(Expert)
01 October 2014
CC limit is given against current assets. this will include debtors too. so commute your CC limit as per MPBF system.
06 October 2014
yes agreed with nikhil's view.........
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