Drawing power
This query is : Resolved
22 June 2012
IS OTHER CURRENT ASSET(EXCEPT DOOK DEBT, STOCK,& CREDITORS) USED IN CALCULATION OF DRAWING POWER? IF YES HOW IT IS USED IN CALCULATION?
CA CS Amit S. Kedia
(Expert)
22 June 2012
Generally they are not considered for the purpose of calculation of DP, however it depends on the nature of the other current assets.
Banks/FIs reduces suitable margin 15% to 25% Approx.
Banks/FIs reduces suitable margin 15% to 25% Approx.
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23 June 2012
THANK YOU SIR .IT WILL HELP ME A LOT
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