Calculate procedure drawing power in bank loan
Kollipara Sundaraiah (B.com) (3004 Points)
14 February 2021
how to calculate procedure drawing power for bank cc loan.
2 Replies
CA Altamush Zafar
(GST Consultant)
(15986 Points)
Replied 14 February 2021
How the drawing power is to be calculated is mentioned on the sanction letter.
The calculation depends upon stock, debtors and creditors
The calculation depends upon stock, debtors and creditors
CA. Sourav Sarkar
(Chartered Accountant )
(24588 Points)
Replied 15 February 2021
Agree with altamush
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