If your business declares ₹10,00,000 worth of stock and ₹5,00,000 in eligible debtors:
If you face any issues downloading the form, do not hesitate to visit your nearest branch or call the Union Bank customer care toll-free number: . If your business declares ₹10,00,000 worth of stock
This section lists the money owed to your business by buyers. : Continuous non-submission can result in the bank
Deductions : You must deduct the value of and unpaid stock (goods received from creditors but not yet paid for) to avoid double financing. 3. Book Debts (Receivables) If your business declares ₹10
: Keep an automated Excel version of the UBI stock statement format. This allows you to plug in month-end numbers quickly and ensures mathematical accuracy.
: Continuous non-submission can result in the bank freezing your operations or classifying the loan as non-performing. Key Components of the UBI Stock Statement Form