Book debt agreement
Atul Pawar (Pimpri Chinchwad Branch of WIRC of ICAI) (114 Points)
05 March 2018
What is Book debt Agreement for the purpose of loan ?
3 Replies
Rishi Mehta
(Ur friend )
(1533 Points)
Replied 05 March 2018
Book debt is amount perceivable for goods sold on credit.
Bank generally provide working capital loan on the basis of Book debts and stock value.
Bank generally provide working capital loan on the basis of Book debts and stock value.
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