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I am calculation dp as under :
|
Particulars |
Rs. in Lacs |
|
Closing Stock |
|
|
Less: Sundry Creditors |
|
|
NET |
|
|
Less: Margin (25% on Stock) |
|
|
(A) |
|
|
SUNDRY DEBTORS |
|
|
Margin (40% on Book Debts) |
|
|
(B) |
|
|
Total Drawing Power (A+B) |
|
In this calculation if creditor amount is more than stock amount, then how to calculate the drawing power??
if there is a advance to sundry creditors then what will be the treatment, will we add the advance value of creditors with closing stock
CAclubindia
