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What is BANK MSOD How to Prepare Bank MSOD.Answer / anupam singh
MSOD (Monthly Statement of Drawings) is a statement which comprises information regarding Monthly Sale, Purchase, Stock and debtors.
Bank calculate drawing power of a barrower on the basis of the information provided by the borrower in the MSOD Statement.
| Is This Answer Correct ? | 131 Yes | 4 No |
Answer / khushboo todi
BANK MSOD IS A KIND OF STATEMENT REQUIRED TO BE PREPARED BY THE BORROEWR FOR SUBMITING IT TO THE LENDER BANK.
BANK MSOD IS PREPARED BY FOLLOWING PRESCRIBED BANKING NORMS.
| Is This Answer Correct ? | 96 Yes | 17 No |
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