what is the diff between CASH CREDIT limit & margin.
Answer / thakur
Cash Credit Limit is the limit what the banks issue to
companies/firms against hypothecation of stock/debtors etc.
to meet the financial requirements.
for example :
Total debtors/Stock = 100%
Less Margin 25%(as per banks term & conditions)
Net balance =75% (Cash Credit Limit)
| Is This Answer Correct ? | 23 Yes | 2 No |
What would be the entry at the time of Generating Tution Fee Challan for Advance fees. (e.g In the Month of April, Fees of June and July in being asked to pay by school to their students?
Golden rules of accounting
369 Answers Accenture, Accounting, Ajuba, Birla Tyres, Chartered Accountant, Flextronics, Genpact, Hewitt, HP, Intel, JPMorgan Chase, Northern Transport, Oracle, Scope International, TCS, TransWorld, UCO Bank, WNS,
Expand DPCO
All Business transactions are not Accounting transactions. Do you agree
Expand W C T
where do you get Capital Expenditures?
what is the difference between Tally ERP and SAP FI ECC?
why the debit balane of p&l a/c shows in asset side of balancesheet
EXPAND______________PDC
Expand C M P F
What do u mean by GDP, explain in detail?
You are a science gradute, but why did you come in accounts field?