c/c accounts related query
This query is : Resolved
27 March 2010
how the percentage of c/c will be allowed by bank on the basis of annual turnover of an entity & how it will be calculated.
Rahul Gupta
(Expert)
27 March 2010
Generally loan amount is about 20% to 25% of the turnover. However, it is just an idea, and teh amount depends upon the bank to bank basis.Every bank has its own formula and considers the turnover, working capital, loans already taken, cash and bank balance, amount of securtity provided..and other relevant factors.
CA Ashok Kumar Sahu
(Expert)
27 March 2010
agreed
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