Process of deposit the stock Statement for a CC a/c in Bank
This query is : Resolved
Dinesh kumar Mahanto
(Querist)
27 October 2010
I want to know the process or calculation for submitting the stock statement in the Bank. As per my knowledge the 25% of the CC limit is a margin money and the balance 75% is to be shown in the stock statement. So please tell me the calculation process for submitting the same.
Dinesh
Dinesh
Rajan Kapoor
(Expert)
27 October 2010
Month End Balance stock 25000 less margin 6250=18750 Debtors 10000 less Margin 4000= 6000 Total Drawing Power (Stock +Debtors) 24750
Above is simple example for stock statement. Normally Margin for debtors are 40% but you should refer sanction letter of the bank. Also Give details of Opening Stock+Purchase-Consumption = Closing Stock
Above is simple example for stock statement. Normally Margin for debtors are 40% but you should refer sanction letter of the bank. Also Give details of Opening Stock+Purchase-Consumption = Closing Stock
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