Closing stock
This query is : Resolved
Parvinder Singh
(Querist)
04 November 2013
Dear Sir/Madam,
Kindly suggest me how to calculate or get Closing stock against CC Limit?
With Regards
Parvinder Singh
Kindly suggest me how to calculate or get Closing stock against CC Limit?
With Regards
Parvinder Singh
CA UMESH DULAL
(Expert)
04 November 2013
plz read cc limit sanction letter it will give how many % of CA-CL is financed by CC limit
normally bank finance 70-75% of working capital
normally bank finance 70-75% of working capital
04 November 2013
For CC Limit , bank check always drawing power limit .
Calculation of DRawing power formulas are as below :
CLosing Stock XXXXX
Debtors less than 180 days XXXX
Less : Creditors (XXXX)
Net Amount XXXXX
DP is 75% of net amount .
It may be varied bank to bank . 70% to 80%
Calculation of DRawing power formulas are as below :
CLosing Stock XXXXX
Debtors less than 180 days XXXX
Less : Creditors (XXXX)
Net Amount XXXXX
DP is 75% of net amount .
It may be varied bank to bank . 70% to 80%
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