STOCK
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 November 2010
How to Prepare and submit Stock and Receivables Statements to Banks on monthly basis?
25 November 2010
Obtain the format from Bank and submit the details required.
Usually for CC limit bank statement--
Your limit will be
= 75% of (Value of paid up stock+Debtors not more than 3 months old)
Value of Paid up stock= (Closing stock-S. Creditors)
Usually for CC limit bank statement--
Your limit will be
= 75% of (Value of paid up stock+Debtors not more than 3 months old)
Value of Paid up stock= (Closing stock-S. Creditors)
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