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Drawing power

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(Querist)
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?
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CA CS Amit S. Kedia

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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.
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AMITKUMAR RAMESHKUMAR JOSHI

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AMITKUMAR RAMESHKUMAR JOSHI (Querist)
23 June 2012 THANK YOU SIR .IT WILL HELP ME A LOT
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