Bank stock statement
This query is : Resolved
Bhupinder Bhardwaj
(Querist)
18 June 2014
Sir,
I want to know the calculation of Debtors,
Creditors
and Closing stock required for bank stock statement monthly.
I want to know the calculation of Debtors,
Creditors
and Closing stock required for bank stock statement monthly.
CA UMESH DULAL
(Expert)
18 June 2014
Normally bank take 60-70% of debtor (upto 90-180days) plus 75% of stock minus creditor to determine the limit.
This ratio for each items is given on loan sanction letter and differ from case to case. so go through the sanction letter.
This ratio for each items is given on loan sanction letter and differ from case to case. so go through the sanction letter.
Rupesh Jain
(Expert)
18 June 2014
normally in every Cc limit sanction letter bank give the condition of limit sanction agst debtors and stock.
debtors 50-70% upto 90 days
and agst stock 75%
debtors 50-70% upto 90 days
and agst stock 75%
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS Challan - change of FY 2025-26 to TY 2026-27
- Gst registered proprietorship firm
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- TDS on Fixed Assets purchased
- GST Intimation due to Government took possession of Business Premises under PPE Act
- SALARY CAN BE CAPITALIZE
- Non filing of I T Returns
- TDS on purchase of under construction property from a reseller
- GST on Renting godown to KFCSC for Storage of Raagi
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
