Sir,
A person CC loan rs:15 lacs. if bank demand sales turnover 5 times increased show in profit and loss account for cc loan renewal purposes.but actual turnover rs: 30 lacs.
Query:
A person sales turnover real turnover or estimated show in profit and loss account
Bank demands 5 times turnover for margin purpose. If actual turnover is 30 Lakhs than no problem you can show more T/o in estimated & projected Financial Statements.
JOIN LARGEST DISCUSSION PLATFORM
Sign up to discuss taxation, accounting and finance topics with experts from all over India.
Join Discussion
