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What are non performing assets in banking?
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Answer Posted / zahoor ahmad malik
Non Performing assets, we mean those assets which either do
not generate any income in terms of interest or remains
uncovered.When a banker grants a debt to any party on certain
terms and conditions regarding to the repayment of principal
amount and periodic payment of interest on such debt, due to
some reasons (Internal and External)become insolvent and hence
the debt remains unpaid to the banker for a long period of
time which affects the liquidity position of the
bank.Therefore a proper management must be exercised on such
assets as it is the main source of recession in any country
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Alex’s Trial Balance at 31 December 2015 Dr (BWP) Cr (BWP) Capital 18 240 Bank overdraft 3 000 Fixtures and fittings 14 100 Provision for depreciation-fixtures and fittings 8 800 Inventory 14 200 Trade receivables 12 300 Trade payables 9 900 Revenue 110 000 Purchases 51 000 Discount received 1 800 Wages and salaries 26 000 Sundry expenses 34 000 Discount allowed 620 217 540 ======= 86 420 ======== Required: i Prepare the corrected trial balance at 31 December 2015. (7 marks) ii Show any difference you find as a balance on an appropriate account.
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