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maximum bank permissable finance
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Answer / jamalaiah
it is a maximum amount bank can lend a borrowers towards his
working capital management is called MBPF.
| Is This Answer Correct ? | 37 Yes | 0 No |
Answer / tirdha sri naidu
According Tandon committee it fallows certain rules to lend the money i.e
75% (current assets- current liabilities) or 75% current assets - current liabilities
| Is This Answer Correct ? | 6 Yes | 0 No |
Answer / apoorv
As per the tandon committee MPBF can be calculated by the
following three ways -
1. 75% (CA -CL)
2. (75%xCA) - CL
3. [75%(CA - CCA)] - CL
CA- Current Assets
CL- Current Liabilities
CCA- Core Current Assets
| Is This Answer Correct ? | 6 Yes | 0 No |
"A" has two divisions of "B" and "c".In our system we have two vendor accounts of B&C.We have received one Non PO invoice of B and posted wrongly in C and its got paid.While reconciling the account we got this error is happend.We contacted the C and asked for refund.But C said,he transfer internally the amount directly to B and he will not refund the amount.How we will settle this entry in our books. If we reverse the entry...there is one invoice needs to be reverse and payment doc needs to be reverse..how we can settle this in our books...
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0 Answers University of Professional Studies Accra,
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