stock Statement
This query is : Resolved
Guest
Guest
(Querist)
08 June 2010
What is Stock Statement(For CC limit in Banks) ?plz give full information.
Ram Avtar Singh
(Expert)
08 June 2010
Stock detail monthly to be submited to bank on his formet.Opening +purchase/production-sale=Closing stock X rate= value.
debtors detail & creditors detail also provide forcalculation of DP.
debtors detail & creditors detail also provide forcalculation of DP.
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08 June 2010
EACH BANK HAS THEIR OWN FORMAT.
ULTIMATELY THEY GIVE CC LIMIT AS 75% OF THE PAID UP VALUE OF STOCK+ DEBTOR OUTSTANDING UPTO 3 MONTHS.
PAID UP VALUE OF STOCK= VALUE OF CLOSING STOCK-CREDITORS FOR RAW MATERIALS.
GIVE ME YOUR ID I CAN GIVE YOU THE FORMAT OF ORIENTAL BANK OF COMMERCE.
IN ADDITION TO BANK STATEMENT YOU ARE ALSO REQUIRED TO SUBMIT QIS (QUARTERLY INFORMATION SYSTEM)TO BANK.
ULTIMATELY THEY GIVE CC LIMIT AS 75% OF THE PAID UP VALUE OF STOCK+ DEBTOR OUTSTANDING UPTO 3 MONTHS.
PAID UP VALUE OF STOCK= VALUE OF CLOSING STOCK-CREDITORS FOR RAW MATERIALS.
GIVE ME YOUR ID I CAN GIVE YOU THE FORMAT OF ORIENTAL BANK OF COMMERCE.
IN ADDITION TO BANK STATEMENT YOU ARE ALSO REQUIRED TO SUBMIT QIS (QUARTERLY INFORMATION SYSTEM)TO BANK.
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