Assess sales turnover and net profit declare in I.t. returns details last 3years mentioned below
f.y.17-18 sales turnover Rs:7,10,000/- net profit Rs:2,98,000/-
f.y.18-19 sales turnover Rs:7,80,000/- net profit Rs:3,40,000/-
f.y 19-20 sales turnover Rs:8,10,000/-
net profit Rs:3,80,000/-
Question:
Assess how much business loan amount eligible from bank.
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How much loan amount eligible from bank
Replies (1)
It will depend on bank's drawing and sanction limit which will be calculated upon turnover, profit and on stock and debtors valuation
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