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%
CAclubindia
