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PREPAIRATION OF BANK STATEMENT FOR CC

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04 February 2011 Sir,our cc limit is 1400000.00.I made a stock statement as=Cl.Stock(807081.00)+ goods in process(920000.00)+ finished goods(30000.00)+ debtors(260000.00)= 2017081.00, Sir please confirm me whether its right or not.And what will be the correct statement(approx).
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CA Shailesh Kumar Bhagat

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CA Shailesh Kumar Bhagat (Expert)
06 February 2011 What is the margin fixed by bank against your CC limit. Just deduct the margin , if it is more than Rs 14 lakhs, You will use full limit.
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