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TEXTILE CURRENT ACCOUNTS SCHEDULE OF CHARGES w.e.f. November 1, 2015, Monthly Average balance Mode of calculation of Monthly Average Balance Tex Basic Rs 25,000 Tex Advantage Rs 75,000 Average of
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How to fill out textile current accounts schedule

How to fill out textile current accounts schedule:
01
Start by gathering all the necessary information related to your textile current accounts. This may include transaction records, invoices, receipts, and any other relevant documentation.
02
Begin by filling out the header section of the schedule. Provide your company's name, address, and contact information. Also, include the period for which the schedule is being prepared.
03
Next, list all the textile current accounts that need to be included in the schedule. This will typically include both credit and debit accounts.
04
For each account, provide the necessary details such as the account number, the name of the account holder, and the corresponding balance.
05
Enter the opening balance for each account at the beginning of the specified period. This will be the balance carried forward from the previous accounting period.
06
Record all the transactions that occurred during the specified period for each account. This should include details such as the date of the transaction, the description, and the corresponding amount.
07
Calculate the net change in each account by subtracting the total debits from the total credits.
08
Finally, calculate the closing balance for each account by adding the opening balance to the net change.
Who needs textile current accounts schedule:
01
Textile manufacturers: Those involved in the textile manufacturing industry need the textile current accounts schedule to keep track of their financial transactions and monitor their accounts.
02
Textile suppliers and distributors: Suppliers and distributors of textiles also require the textile current accounts schedule to manage their accounts payable and accounts receivable, ensuring timely payments and collections.
03
Financial institutions: Banks and other financial institutions that provide loans or credit facilities to textile businesses often require the textile current accounts schedule to assess the financial health and creditworthiness of the businesses they work with.
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What is textile current accounts schedule?
Textile current accounts schedule is a report that details the financial transactions related to textile exports and imports.
Who is required to file textile current accounts schedule?
Textile exporters and importers are required to file the textile current accounts schedule.
How to fill out textile current accounts schedule?
You can fill out the textile current accounts schedule by providing accurate information about your textile export and import transactions.
What is the purpose of textile current accounts schedule?
The purpose of the textile current accounts schedule is to monitor and track the flow of funds related to textile trade.
What information must be reported on textile current accounts schedule?
Information such as the value of textile exports and imports, payment methods, and currency exchange rates must be reported on the textile current accounts schedule.
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