stock Statement

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08 June 2010 What is Stock Statement(For CC limit in Banks) ?plz give full information.

Ram Avtar Singh

Ram Avtar Singh (Expert)
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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.

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CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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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.

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