πŸ“’ Too many exams? Don’t know which one suits you best? Book Your Free Expert πŸ‘‰ call Now!

  • google app store apple app store
  • βœ–

      Question

      Β  The limit to which a firm or company can withdraw

      from the sanctioned working capital limit is called:
      A Drawing power Correct Answer Incorrect Answer
      B Term loan limit Correct Answer Incorrect Answer
      C Credit limit Correct Answer Incorrect Answer
      D Overdraft Correct Answer Incorrect Answer
      E None of the above Correct Answer Incorrect Answer

      Solution

      Drawing Power generally addressed as β€œDP,” is an important concept for Cash Credit (CC) facility availed by banks and financial institutions. It is the limit to which a firm or company can withdraw from the sanctioned working capital limit.

      Practice Next
      ask-question