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drawing power

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Querist : Anonymous

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Querist : Anonymous (Querist)
05 January 2011 Hi
Respected Members

I want to know why bills discouting is deducted from calculation of drawing power of cash credit limit while carrying out stock audit.

thanks in advance
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CA Shailesh Kumar Bhagat

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CA Shailesh Kumar Bhagat (Expert)
06 January 2011 Because money has already been received against debtors.

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