Interested to Buy Any Domain ? << Click Here >> for more details...
Non-performing Asset (NPA)
- 3 Answers
- 6118 Views
- Bank Of America, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / guest
A credit facility which ceases to generate income for a
bank
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / bhupender janmejai
A classification used by financial institutions
that refer to loans that are in jeopardy of default.
Once the borrower has failed to make interest or
principal payments for 90 days the loan is considered
to be a non-performing asset.
| Is This Answer Correct ? | 2 Yes | 1 No |
A debt obligation where the borrower has not paid any previously agreed upon interest and principal repayments to the designated lender for an extended period of time. The nonperforming asset is therefore not yielding any income to the lender in the form of principal and interest payments.
| Is This Answer Correct ? | 1 Yes | 1 No |
Manoj & Mahavir joined a firm drawing salary of Rs 25000 per month.After serving 3 yrs ,they started business of their own in partnership,contributing Rs200000(expected life 10 yrs,bought spare parts worth Rs 33000 from Kundu on credit.Office supplies were purchased for cash.Initially they were very busy in conducting their business operations but by the end of the 1st year,31/12/2005 they were disappointed when they found their bank balances.Following is the summary of their bank statement. Receipts: Share Capital Rs 250000 Collections from Customers 412000 Payments: Equipment 200000 Salaries of Assistants 88000 Rent advance for 2 yrs 96000 On-year ins. Policy on equipment 12000 Office stationery 27000 Payment to Kundu 29000 Withdrawals of Manoj 90000 Withdrawals of Mahavir 90000 Closing balance c/d 30000 ----------- Total : 6,62,000 Still amount receivable from customers for services to them amounted to Rs 30,000 & closing balance of office stationery is Rs2000,spare parts Rs2600 were utilised by the end of the year .Prepare trial balance with the available information and show total. Also what is the net profit.
What is the difference of Fund Flow Statement and Cash Flow Statement?
I have received 75000/- as retainership fees from ABC company but they have deducted TDs 10% and send me 67500/- my question is that what entry i have to pass in my books please help me
Is profit & loss account assets or liability?
WHAT IS LIABILITY?
journal entry of outstanding salary
In accounting equation what is the treatment of investment in shares??
What is the difference between Open Items and Reconciling Items on a Balance Sheet Reconciliation?
how to pass provision salary full and settlement(inclusive Bonus,Gratutity etc )please show me entry
Why Capital is Posted in the credit side? Concept of it briefly .
hi to all.... what is the treatment for Work-In-Progress in Tally...please answer for it as early as possible... thanks & regards
a proprieter company purchase a software what is the journal entry in tally ?
Audit 
