Question

    A company has a sanctioned limit of ₹100 lakh and

    drawing power of ₹80 lakh. The actual outstanding is ₹85 lakh. What is the irregular portion of the account?
    A ₹0 Correct Answer Incorrect Answer
    B ₹5 lakh Correct Answer Incorrect Answer
    C ₹15 lakh Correct Answer Incorrect Answer
    D ₹20 lakh Correct Answer Incorrect Answer
    E ₹10 lakh Correct Answer Incorrect Answer

    Solution

    Outstanding – Drawing Power = ₹85L – ₹80L = ₹5L. This portion is beyond drawing power and is treated as irregular.

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