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What do you mean by DP(Drawing Power)

Answer Posted / macs

Drawing power for stocks: Value of stocks-less sundry creditors equals to paid for stocks-less margin equals to drawing power for stocks (A)
Drawing power for book debts: Book debts -less margin equals
DP for book debts (B)
Total drawing power= A+B

Is This Answer Correct ?    8 Yes 3 No



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