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Stock statement

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Querist : Anonymous

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Querist : Anonymous (Querist)
13 April 2012 Purpose of submitting stock statement to bank on monthly basis.
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Hari Beldona

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Hari Beldona (Expert)
13 April 2012 Bank normally gives cash credit/overdraft for working capital against hypothecation of stock in trade/debtors. Stock/inventory is subject to fluctuations hence bank wants to know what is the value of stock of the borrowing unit periodically say one month
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CA PRAVEEN SINGH

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CA PRAVEEN SINGH (Expert)
14 April 2012 yes.agree with above expert.
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