limitation of non performing assests
A Non-Performing Asset or NPA is an asset of the bank that is not performing its intended job i.e., earn money for the bank. From the bank point of view, Loans are assets. A loan for which the customer is repaying his monthly installments regularly every month is a properly performing asset. Whereas a loan for which the customer has defaulted on the monthly payment for more than 3 months is considered a non performing asset.
advantages and disadvantages of non statutory audit
Non performing Assets either a Short term or a Long term asset is marked to be Amortized. It may have a depreciation value.
advantages and disadvantages of non statutory audit
As defined by RBI, an NPA or non-performing asset is credit in which interest has been past due for a period of time. A good example would be the interest of an unpaid loan.
An NPA, or non-performing asset is a classification used by financial institutions that refers to loans that are in jeopardy of being in default.
A Non-Performing Asset or NPA is an asset of the bank that is not performing its intended job i.e., earn money for the bank. From the bank point of view, Loans are assets. A loan for which the customer is repaying his monthly installments regularly every month is a properly performing asset. Whereas a loan for which the customer has defaulted on the monthly payment for more than 3 months is considered a non performing asset.
The full name of NPA is non-performing asset. A non-performing asset is a financial term which is used to describe loans which are in danger of going into default.
An NPA, or non-performing asset is a classification used by financial institutions that refers to loans that are in jeopardy of being in default.
advantages and disadvantages of non statutory audit
A non-performing asset is a common line item on the balance sheet of most financial institutions. To the bank or financial institution carrying the asset, it represents a debt obligation where the agreed upon interest is no longer being paid by the borrowers for a long period of time. An example of a performing asset is a mortgage that is paid up to date. An example of non-performing asset is a mortgage that is in foreclosure.
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Non performing Assets either a Short term or a Long term asset is marked to be Amortized. It may have a depreciation value.
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advantages and disadvantages of non statutory audit
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