Canara Bank Stock Statement Form Nf 902 Excel Format _top_

Continual non-submission for over two to three months can result in the bank freezing your operations, meaning cheques will bounce and cash withdrawals will be blocked.

Opening stock volume and value from the previous report period.

Focuses on current stock value (usually in Lakhs) minus items like slow-moving stock or goods in transit. Part B: Production & Sales:

: A breakdown of outstanding customer invoices, classified by age (usually up to 90 days and above 90 days). canara bank stock statement form nf 902 excel format

This area handles financial deductions to establish the safe credit ceiling your business can pull against.

: Detailed breakdown of raw materials, work-in-progress (WIP), and finished goods.

Note: Your actual Drawing Power can never exceed your Sanctioned Limit. If your calculated DP is ₹50 Lakhs but your sanctioned limit is ₹40 Lakhs, your usable limit remains ₹40 Lakhs. Consequences of Delayed or Incorrect Submission Continual non-submission for over two to three months

You must break down debtors by age (e.g., less than 90 days, 90–180 days, and above 180 days).

: Typically submitted monthly or quarterly to the branch manager to determine the drawing power of a Cash Credit (CC) account.

Usually submitted by the 7th or 10th of every month for the previous month's end. Part B: Production & Sales: : A breakdown

: Ensure debtors older than 90 days are strictly filtered out of the eligible DP section.

AI responses may include mistakes. For financial advice, consult a professional. Learn more Download Center - Canara Bank

Traditionally a physical form, most business owners and CAs now prefer the of NF 902 for easier calculation, auto-totaling, and digital submission.

: Details quantities and market values of Raw Materials, Work-in-Process (WIP), and Finished Goods.