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How much loan amount eligible from bank


kollipara sundaraiah (B.com)     02 March 2021

kollipara sundaraiah
B.com 
 19 likes  1164 points

| My Other Post
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.
Sourav

Sourav (Student)     02 March 2021

Sourav
Student 
 501 likes  8200 points

View Profile | My Other Post
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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