Total Drawing Power (DP)=Paid Stock Value+Eligible Debtors ValueTotal Drawing Power (DP) equals Paid Stock Value plus Eligible Debtors Value
What (e.g., CC limit, Export Credit) do you hold with Canara Bank? Tell me how you would like to proceed! Share public link
: Value of goods purchased on credit from sundry creditors (this must be deducted to find the paid stock value). 3. Sundry Debtors (Receivables)
– Best for standard MSME and corporate accounts with detailed schedules for inventory and debtors. canara bank stock statement format pdf link
Fill out the stock schedules. List quantities, item descriptions, unit rates, and total values. Do not lump different items together.
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While there is no single "magic button" link that stays valid forever, the is readily available under the Downloads/Forms section of the official Canara Bank website or via the Internet Banking portal. List quantities, item descriptions, unit rates, and total
Before submitting:
List items in alphabetical order or by category (Raw Materials, WIP, Finished Goods).
For business owners and borrowers utilizing Cash Credit (CC) or Overdraft (OD) facilities, submitting a regular stock statement is a critical compliance requirement. This document serves as the basis for calculating your , ensuring you have access to the funds needed for your daily operations. Canara Bank Stock Statement Format PDF Link while over-reporting can be considered fraudulent
This section lists the money your customers owe you. Canara Bank categorizes these assets by age:
The bank uses your stock statement to calculate your Drawing Power (DP). This formula determines the actual amount of money you can withdraw from your CC or OD account during the month. The standard calculation follows this step-by-step formula:
Under-reporting leads to lower drawing power, while over-reporting can be considered fraudulent, especially if found during a stock audit.
: This standard format for reporting inventory can be found at Scribd - NF-540 .