Non performing asset?, Accounting Basics

An asset or account of borrower, which has been classified by a bank or financial institution as sub-standard, doubtful or loss assets as per the guidelines issued by RBI.


An Asset/Advance is considered as non-performing in case if interest or instalment of principal or both remain unpaid for more than two quarters in a financial year.

 

Posted Date: 4/1/2013 6:06:33 AM | Location : United States







Related Discussions:- Non performing asset?, Assignment Help, Ask Question on Non performing asset?, Get Answer, Expert's Help, Non performing asset? Discussions

Write discussion on Non performing asset?
Your posts are moderated
Related Questions
Ratio Analysis : A 'Ratio' is  clear as an  arithmetical/quantitative/ numerical relationship between two numbers. Ratio analysis is a extremely significant and age old method of f

Q. Comparability in accounting information? When comparability exists reported similarities and differences in financial information are real and not the result of differing ac

Note: All illegible answers will be marked incorrect, so please write legibly. If you type and submit the print out of your homework (not email), you will receive 5 points extra cr

Windsor Company will receive $100,000 in 7 years. If the appropriate interest rate is 10%, the present value of the $100,000 receipt is ? Answer: PV = FV (PVIF) = $100,000 x 0.5132

Q. What is Chart of accounts explain? The chart of accounts is a absolute listing of the titles and numbers of all the accounts in the ledger. The chart of accounts is able to

“Ledger is said to be the principal book entry and the transactions can even be directly entered into the ledger account.”

Q. What is FOB shipping point? FOB shipping point signifies free on board at shipping point. The buyer acquires all transportation costs after the merchandise has been loaded o

After the accounts are adjusted and closed at the end of the fiscal year, Accounts Receivable has a balance of $673,400, and Allowance for Doubtful Accounts has a balance of $11,90

A company absorbs overheads on machine hours that are budgeted at 11,250. The budgeted overhead is $281 250.  Results illustrate actual hours of 10 980 and overhead of $276 652.

my unadjusted balance is not the same under credits and debits? And I can''t figure what went wrong.