Saturday, 2 June 2018

Cash credit limit formula

Drawing Power Calculation Stock(RM/WIP/FG)---- 1000 Less: Sundry CRs----- 400 Paid Stock----------- 600 Less Marging (say 25% of paid Stock) 150 Balance( A)----- 450 Book Debts (Domestic) 500 Less: Margin (Say 30%)- 150 Balance (B)------------ 350 Total(A+B)------------- 800 Less: O/s CC Bal (as on last day of Month as per CC Statement of Bank) 300 Drawing Power 500

Read more at: https://www.caclubindia.com/experts/cash-credit-statement-749055.asp

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