Drawing power in a CC account is determined within sanctioned limit on the basis of

Question 1

Drawing power in a CC account is determined within sanctioned limit on the basis of

a) Value of existing stock of goods

b) Value of collateral securities

c) Credit needs of the borrower

Question 2

a) Value of existing stock of goods

Drawing power in a CC account is determined within sanctioned limit on the basis of

Please log in or register to answer this question.

1 Answer