Bank stock statement
This query is : Resolved
25 October 2013
Please, tell us how to prepare bank stock statement for the loan taken from bank.
27 October 2013
The bank provides a format in which the statement needs to be submitted. So prepare the statement in the same format.
On the basis of the financial statements of the entity,
first take out the details of the current assets covered under the sanction letter.
Reduce from the above, the current assets beyond the cover period (as per sanction letter.
Then deduct the margin as mentioned the sanction letter.
On the basis of the financial statements of the entity,
first take out the details of the current assets covered under the sanction letter.
Reduce from the above, the current assets beyond the cover period (as per sanction letter.
Then deduct the margin as mentioned the sanction letter.
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