18 February 2010
My company is readymade garment .How to prepared stock statement and debtors less than 90 days for bank submission and our limit is 50lac.
18 February 2010
For submission of stock statement to bank, the stock statement should contain the debtors not outstanding more than 90 days. So, ageing should be made which contains 3 columns one for name of party, amount outstanding for less dan 90 days and amount outstanding for equal to 90 and more dan 90 dan days.
Bifurcate it. And separate d details of it. and submit it to bank for stock statement purpose.
CAclubindia
