drawing power for cash credit
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
Bills discounted means to that extent facility has already been utilised, so your DP has to be reduced by this amount in CC.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Purchase of property from NRI
- CESS not claimed in GSTR3B either in inward supplies or outward supplies for the period Oct2025
- NRI get transferred fund from his own Indian account to his foreign US account without any approval
- Seeing a huge entry in AIS Purchase of time deposits (SFT-005), what it is for
- How to pay tds on mhada property
- GST APPLICABILITY TO DIAGNOSTIC
- GST APPLICABILITY ON DIAGNOSTIC UNIT
- Custom Morale Hat Patches UK
- TDS short payment of Rs 120 — how to adjust in new TRACES
- ITC claim on vehicle parts and repairing
- Value of Perquisite Sec.10 (10CC)
- Multiple GST under same PAN
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
