Answer Posted / 9151404570
In bank, Drawing Power should not exceed the limit
sanctioned by the bank and it is arrieved at as
under
Example
if A trader approach bank for advance against a order.
now i a order profit is inculded so bank after deduction
margin for order may 10% / 20% etc. grant advance to the
trader within the limit sanctioned. thus he builds up
stock. total advance granted should be within or upto the
limit credit limit sanctioned by the bank.
Is This Answer Correct ? | 20 Yes | 27 No |
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