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Stock Statement and Drawing power Explained

The stock statement is prepared to arrive at the actual Drawing power (amount which can be borrowed by the company from the bank) based on the actual quarter/month-end level of inventory & receivables. Banks require a stock statement on a…

Ratio Analysis: All you need to know

Ratio analysis means the process of computing, determining, and presenting the relationship of related items and groups of items of the financial statement. Ratio analysis is a concept or technique which is as old as the accounting concept. Ratios are…