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Audit of banks

Auditing

Please explain

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Satyaprakash Yadav

Satyaprakash Yadav

CA Final

7K+

17-Jul-22 20:18

646

Answers (2)

If terms of the loan are such that interest is recovered after recovering principal i.e. initial instalments recover mostly principal and the later instalments recover interest on loan, then interest on loan should not be shown overdue from first instalments this is for categorizing as NPAs


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Thread Starter

Satyaprakash Yadav

Satyaprakash Yadav

CA Final

7K+

18-Jul-22 22:35

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