Dairy firm loan

Hii All Respected Sir Mam 

My father Running a dairy from 17 years turn over py-15Lakh

and my father going take loan from bank the banker need 5y balancesheet

so, its possible to make b/s on cash to cash busineess


Replies (2)
Quick Summary
A dairy farmer with 17 years of operation and a turnover of £15 lakh is seeking a bank loan and requires five years of balance sheets. While retrospectively fabricating financial statements is illegal and unethical, it's recommended to hire a professional accountant. They can compile formal statements using existing records like bank statements and asset declarations. It's also advisable to discuss alternative documentation options with the bank for cash-based micro-enterprises.

Please Guide me


Retrospectively fabricating financial statements for past years is legally risky and professionally unethical. Instead, the borrower should engage a professional accountant or Chartered Accountant to compile formal statements based on available bank statements, dairy collection records, and asset declarations, and consult the bank regarding alternative documentation for cash-based micro-enterprises.

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