Cc Loan From Bank


Anonymous
watch_later 2 weeks, 2 days ago

Sir,

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/-

4.capital 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.

 

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1 Answer

JAYANTA MAJUMDER watch_later 3 days, 13 hours ago
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1/5 th of the net turnover

Or

65% of stock + 25% of debtors

Whichever is lower

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