Drawing power
This query is : Open
23 June 2012
BOOK DEBT -200000, CREDITORS - 50000, AND STOCK -NIL.
WHILE CALCULATING DRAWING POWER WILL CREDITOR BE DEDUCTED?
WHILE CALCULATING DRAWING POWER WILL CREDITOR BE DEDUCTED?
24 June 2012
For calculating DP, we need to first of all refer to the sanction letter in which conditions mentioned by the bank relating to the book debts, creditors and stock based on which DP can be calculated. However, as far as concern to banks, generally all the banks are putting clause in the sanction letter itself that while calculating the DP, it should be reduced up to an amount of creditors.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- STCG....................................................
- Supply through E-commerce Operators
- Sales return eway bill
- TAN for Partnership
- Relief u/s Section 89
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Is E Way Bill Valid If Transport ID Not Mentioned in PART A But Vehicle details mentioned in PART B
- E way bill for tractors
- STCG FOR GOLD ETFs
- Specified Profession
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
