Stock statement
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 April 2012
Purpose of submitting stock statement to bank on monthly basis.
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
14 April 2012
yes.agree with above expert.
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