Stock Statement for Bank Loan





Stock Statement For Bank Loan And Sample Format Download
Inventory or Stock statement is a system that finds the value of goods or products in stock, recorded in accounts by physical verification and count. Most of the banks ask this statement to their customer who has availed Business loan either Cash credit (CC) or Over draft (OD), in order to protect bank's interest over the amount they have issued for business. Some banks asks stock report to be submitted every month (monthly stock statement) in a particular date wherein some may ask quarterly or half yearly or even annually. Frequency for submission of the Stock statement report shall depend on the nature of the business, loan type, and of-course varies bank to bank. Some banks, like SBI, provides their own statement format but some may ask general stock data.