Decrese in turnover
This query is : Resolved
Rahul Prasad
(Querist)
16 September 2014
Dear sir,
If I have Cash Credit A/c With bank and if my business turnover decrease in current year it also effect our Gross Profit and Net profit. Will it Effect Our CC by the Banker?
If I have Cash Credit A/c With bank and if my business turnover decrease in current year it also effect our Gross Profit and Net profit. Will it Effect Our CC by the Banker?
Nikhil Kaushik
(Expert)
16 September 2014
yes. decrease in turnover should result in reduction in limits.
Rahul Prasad
(Querist)
16 September 2014
What should I suggest to client if they want to need that CC as currrent limit otherwise business will effected.
Nikhil Kaushik
(Expert)
16 September 2014
they should be able to explain to the client the reasons for fall in turnover. and what steps he is going to undertake to increase the turnover in subsequent years to justify current CC limits.
Rahul Prasad
(Querist)
16 September 2014
Ok Thank you sir................
Nikhil Kaushik
(Expert)
16 September 2014
you are welcome Rahul....
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