Corrigendum for Answer 19. The original question text for Question 19 is not provided in this document. This entry provides the corrected solution…

Corrigendum to the Revision Test Paper [September 2024 Printing Edition] Answer 19 to be read as: Computation of Drawing Power (DP) for CC A/c of Kirpa Ltd. Particulars of current assets Amount (₹) DP Amt (₹) (A) Stocks: Stocks at realizable value 60,000 Less: Unpaid stocks: - Sundry creditors 10,000 10,000 Paid for stocks 50,000 Margin @ 30% 15,000 35,000 (B) Debtors: Total Debtors 55,000 Less: Ineligible debtors 15,000 Eligible debtors 40,000 Margin @ 40% 16,00 24,000 Total Drawing Power 59,000 The sanctioned limit given in the question is 48,000 whereas drawing power as per the above working is 59,000. So, drawing power would be restricted to sanctioned limit i.e.,48,000/-.