A person projected balance sheet values mentioned as on 31.3.2020.
1.Sundry creditors Rs.200000/-
2.sundry debtors Rs.150000/-
3.closing stock in trade Rs.300000/-
5.cash on hand Rs.50000/-
Projected sales turnover Rs.3000000/-(30 lacs).
A person which amount loan eligible on turnover based method from bank CC loan.
1/5 th of the net turnover
65% of stock + 25% of debtors
Whichever is lower
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