Quarterly Statement Of Account: Fill & Download for Free

It is not deductible because it is not an expense.If your fund is going to buy stock in businesses, you need to understand the basics of accounting. Otherwise you will not understand businesses' quarterly statements nor your own prospectus. You will learn profit is not based on cash flow.

First Question - How do you know Cred has raised $ 450 Million so far?Unlike Reliance or even Adani who produce for the Public, Auditor Statements, Statement of Accounts, Balance Sheets every quarter and every year - based on mandatory statute, Startups like Cred or Oyo or OLA or BYJUS dont have to produce any such info to the public.So how do you know Cred has raised $ 450 Million?You have their account statement? Have you seen 50 bank accounts with deposits equaling $ 450 Million?Your Source happens to be the Media. The Same Media who declared that Drone Pratap created 600 Drones from TV Spare Parts and won non existent prizes in Germany with Zero Research.Your Source happens to be the Bosses of Cred. You do remember Vijay Mallyas 15000 Crore declaration in 2012 right?Bottom line - you cannot be sure of anything being said. They could be 100% True or 100% Lies.The Meaning of the word “Raised”The definition of “Raised” for Indian Startups is very loose. There is no legal requirement to define “Raised”. Many Startups cleverly use the word “Raised” instead of “Invested” because Raised is dubious and vague whereas Invested is more a definite term.An Indian Start Up Company that gets an In Principle Approval from an Investor to invest $ 100 Million subject to terms and conditions - automatically announces this money as confirmed.They claim “We have raised $ 100 Million”In reality - this $ 100 Million is just a commitment subject to terms and conditions. In most of the cases - the investment is NOT made in the end since the Indian Startup is unable to honor the terms and conditions.In Countries like US - there is a Federal Law which mandates the difference between Invested Capital and Provisionally Invested Capital. There is a Federal Law which mandates Start Ups requiring Public Funding - publish both these lists simultaneously.In India WE HAVE NO SUCH LAWSSo the next time someone says “We have raised $ 200 Million”- be sure to ask the person “HOW MUCH MONEY HAVE YOU ACTUALLY GOT IN YOUR BANK ACCOUNT”???What does $ 400 Million investment actually mean?Another Dubious area is that even if $ 400 Million is actually invested - it does not mean $ 400 Million is wired into your account for you to do what you please.The Term will include “Western Collaboration worth $ 70 Million” , “Product Testing Infrastructure worth $ 55 Million”. These are all mostly bogus and inflated terms which effectively mean Zilch and are meant only to inflate the valuation.The Actual investment may only be $ 100 Million but the Start up claims $ 400 Million of investments and inflates their valuation from $ 10 Billion to $ 14 Billion.Next time someone actually says We have $ 400 Million invested (Using the word ‘Invested’ instead of ‘Raised’) be sure to ask - How much is the actual liquid investment? It will be between 20–30%.Again US Federal Law specially mandates the difference between Direct Infusion and InTangible Infusion but in India - ZILCH.That is why so many startups in USA dont soar in valuations like Byjus or Ola or Oyo.Because their Legal System will catch on to such valuations.SoJust because someone claims to have raised $ 450 Million - doesnt mean a thing whatsoever.Raised and Invested are different words. Again our Law has no distinctionEven a $ 400 Million investment is only 25% real with the rest being bogus, inflated terms for rising their valuation (Called InTangible Portion of investments) which dont have to be accounted for in India.And the Media - if they say its raining - go out - check the sky for yourself

Some banks will give a monthly statement of the account activity, while others might only give a quarterly statement of the account activity. A 3-month statement is a quarterly statement of account activity.With some banks, they will issue either a monthly or quarterly statement. That's because some accounts such as a savings account will have so little activity, that the three month statement will only show three credits of interest for each month.