drawing power
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 January 2011
Hi
Respected Members
I want to know why bills discouting is deducted from calculation of drawing power of cash credit limit while carrying out stock audit.
thanks in advance
Respected Members
I want to know why bills discouting is deducted from calculation of drawing power of cash credit limit while carrying out stock audit.
thanks in advance
06 January 2011
Because money has already been received against debtors.
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