Union: Bank Of India Statement Of Stock Position Form [top] Download

: Valuation must be at cost or market value , whichever is lower.

The standard form requires detailed disclosures across several key categories: Inventory Breakdown : You must specify quantities, rates, and values for Raw Materials (Imported vs. Indigenous), Stock-in-Process Finished Goods Exclusions for Drawing Power : To calculate your usable limit, the bank deducts: Unpaid Stock : Goods received on credit or under LC/LG but not yet paid. Obsolete Stock : Slow-moving or "dead" stocks. : Generally, inventory older than is excluded from DP calculations. Insurance Details : Valuation must be at cost or market