Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

What do you mean by DP(Drawing Power)

Answer Posted / anlitha

drawing power is the limit upto which a person can withdraw
from the bank.drawing power is calculated based on closing
stock + book debts.in most of the cases the margin will be
25%.drawing power=(closing stock+book debts)-margin.

Is This Answer Correct ?    61 Yes 19 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What is vat adjustment?

1032


At the time of advance tds deducted 2% contract which was wrong but when we adjusting the adavace tds deducting 10% rent how can we adjusting that amount

1431


Is it possible to change the accounting period under Indian GAAP from 1/Apr-31March to 1/January-31/December? There is any restriction in doing that, i mean for example for fisal purposes? Thank you all!

5390


What is double-entry accounting? Explain with an example?

1086


What is departmental accounting? Give an example

1073


Explain me what makes a successful account manager?

1036


DHPL is a small sized firm manufacturing hand tools. It manufacturing plan is situated in haryana. The company's sales in the year ending on 31st march 2007 were Rs.1000 million(Rs.100 crore) on an asset base of Rs.650 million. The net profit of the company was Rs.76 million. The management of the company wants to improve profitability further. The required rate of the company is 14 percent.The company is currently considering an investment proposal. One is to expand its manufacturing capacity. The estimated cost of the new equipment is Rs.250 million. It is expected to have an economic life of 10 years. The accountant forecasts that net cash inflows would be Rs.45 million per annum for the first three years, Rs.68 million per annum from year four to year eight and for the remaining two years Rs.30 million per annum. The plant can be sold for Rs.200 million: (a) The company can borrow funds from a nationalized bank at the interest rate of 14 percent for 10 years. It will be required to pay equal annum installment of interest and repayment of principal. (b) A financial institution has offered to lend money to DHPL at 13.5 per annum but it needs to pay equated quarterly installment of interest and repayment of principal. Questions: (1) Should the company expand its capacity? show the computation of NPV. (2) What is the annual installment of bank loan? (3) calculate the quarterly installment of the financial institution loan. (4) should the company borrow from the bank of from the financial institution?

3076


Explain me what is important to effective market analysis?

1056


What do you mean by balancing of ledger account?

964


Under Accrual Accounting, How Are Worker Comp Premiums Handled?

1088


how will decide that vender payment is ok without reco

2328


Tell us what kind of work environment do you prefer?

1084


Sir i want to ask that if the salary above 6500/- than also pf deduct.

1958


Which forms in use in service Tax, Excise duty and Vat for the return.

2088


what is special purpose ledger in SAP.. is it required to configure in ECC 6.0 since New GL concept is active?

2179