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Can anyone explain me how the 14 lacs( Sub standard asset) was calculated?

Ps v

CA Final

★ 16K+

03-Apr-23 15:46

324

Answers (3)

Best Answer

Here Total 4 acc amount is 20 lakhs In that 10 lakh is non recoverable hence 100%provision hence 10 lakhs Remaining 10 lakhs is doubtful between greater than 1year and below 3 year hence 40% provision is created(assumed as secured) hence 4 lakhs Above 10 lakhs and below 4 lakhs Total 14 lakhs

Mr M

CA Final

★ 3K+

03-Apr-23 19:17

4 accc

alton shaji

CA Final

★ 245

03-Apr-23 16:11

Mr M

Here Total 4 acc amount is 20 lakhs In that 10 lakh is non recoverable hence 100%provision hence 10 lakhs Remaining 10 lakhs is doubtful between greater than 1year and below 3 year hence 40% provision is created(assumed as secured) hence 4 lakhs Above 10 lakhs and below 4 lakhs Total 14 lakhs

Thanks 😊

Thread Starter

Ps v

CA Final

★ 16K+

07-Apr-23 08:28

IndigoLearn

NBFC

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