HOW TO CALCULATE BANK DP
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 March 2011
Please tell me How to calculate Bank Dp for cc limit. Is there any file? kindly send me
Rajan Kapoor
(Expert)
16 March 2011
Month End Closing Stock Rs. 25000 less margin Rs. 6250= Rs. 18750 Debtors Rs. 10000 less Margin Rs. 4000= Rs. 6000 Total Drawing Power (Stock +Debtors) Rs. 24750
Above is simple example for stock statement. Normally Margin for debtors are 40% but you should refer sanction letter of the bank. Also Give details of Opening Stock+Purchase-Consumption = Closing Stock
Above is simple example for stock statement. Normally Margin for debtors are 40% but you should refer sanction letter of the bank. Also Give details of Opening Stock+Purchase-Consumption = Closing Stock
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