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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

21 February 2013 hello sir
plz tell me what is the requirement of cc limt in company. why submitted stock statement and book debt statement submit to bank.

Dintakurthi Tirumala

Dintakurthi Tirumala (Expert)
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21 February 2013 CC loan purpose is to met working capital requirement which is required to purchase of stocks. So to get the CC loan we required turnover and to get the drawing limit of CC loan required stock value so stock statements requires and some CC loans also give on the basis of book debts so required book debts statements.

OM SAI SRI SAI JAI JAI SAI

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