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How , and when you can accept the credit application from the customer?

what's the necessary documents , and how to evaluate new customer , how to approve and recommend selling credit to him . ما هى المستندات المطلوبة وكيفية تقييم وضع العميل قبل الموافقة على منحه بيع بالاجل

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Question added by Ahmed Taha - CMA - SOCPA - IFRS , Senior Accounting Manager – Controlling , Golf Saudi
Date Posted: 2014/04/14
Anil Chauhan
by Anil Chauhan , Senior Accountant , DOTW KUWAIT WLL

Necessary Documents:

Credit Application Form in the format of  Bank

Obligation statement from the customer should be vetted or supported with certified documents.

If ITR , Income Tax Statement

Documents of earnings , in the case of the Individuals , Salary Certificate, Salary Slips, Bank statements and should check the credit of the salary.

in the case of Company's  audited Financial Statements andyrs Projected Financial Statement and with CMA data statement .

After having the assessment of the above documents and on the basis of provided security Credit can be evaluated and can be sanctioned .

 

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