Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / ca rs goel
A Borrower firm is availing Cash Credit facility of Rs. 300 Lacs and Buyers credit facility of Rs. 700 Lacs .
Prime Securities Stock and Book Debt: Margin in Cash Credit against stock is of 25% and against Book debts up to 90 days is of 40%..
Facts in this case
Stock of Rs, 30 Lacs
Total debtors Rs. 1000 Lacs
Upto 90 days debtors: Rs. 580 Lacs
Creditors Rs.160 Lacs
Oustanding Buyers credit Rs.460 Lacs. Margin Money in buyers credit is 25%. How we Calculate drawing power in that case
| Is This Answer Correct ? | 3 Yes | 0 No |
Post New Answer View All Answers
how to calculate vat,pf,esi,service tax in corporate firm
When Iam entering sales in Tally ERP 9, It Is not reflecting in the stock, Why itt is happends like this ? I entered sales with delivery note Number, So think that is because it is not reflecting in Stocks, and when iam checking in the stocks its saying negative stock
Define balancing in accounting?
8. What is the difference between: a. Direct Costing Method and Absorption Method. b. Fixed Cost and Variable Cost.
What is the rate of penalty charged when the given Vat Cheque dishonoured?
What information is included in a bill for services?
what are the disadvantages of back-flush accounting?
Are you comfortable with cold-calling?
How Advances to suppliers for purchase of raw materials is to be considered while calculating Drawing Power
Please help me with the accounts head for the below ledgers for e.g. for Salary A\c - Indirect Expenses is the account head in tally. what is the account head for below ledgers. Salary A/c Dr. xxx To EPF Payable (employees' contribution only) xx To ESI Payable (employees' contribution only) xx To PT Payable (deducted from employees only) xx To TDS Payable (if deducted from employees' only) xx To Salary Payable (net amount only) xxx Salary A/c Dr. xxx To EPF Payable (employees' contribution only) xx To ESI Payable (employees' contribution only) xx To PT Payable (deducted from employees only) xx To TDS Payable (if deducted from employees' only) xx To Salary Payable (net amount only) xxx Salary Payable A/c Dr. xxx To Cash / Bank A/c xxx
how to individual capital account.
hai! i am a BE(computer science) graduate with 54% of aggregate looking for bank clerk job? in interview they are asking why are you looking for a bank job and what guareente that once you are selected ? plz guide me?
Under the accrual basis of accounting, when revenues are reported in the accounting period?
Is there any circumstance where an accountant is allowed to depart from accounting standards while preparing financial statements? If yes explain why, if no explain no.
My boss said to me "Calculate Tds for the month of may 2018 from bank statement". my Boss business is Proprietorship of Construction and designing work. How I can calculate Tds liability.
