Working of drawing power in case of cash credit
This query is : Resolved
Ketan Samdani
(Querist)
05 February 2016
In case of cash credit facility, if there is unpaid stock lying with customer i.e. the value of creditors is > the value of stock on hand. Whether the excess amount of unpaid stock will be set off against the drawing power available against book debts?
CA. Divyansh Agarwal
(Expert)
05 February 2016
No as dp against book debts calculated separately
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