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      Question

      In which of the following scenarios is an account

      classified as 'Loss Asset'?
      A Repayment overdue for 90 days Correct Answer Incorrect Answer
      B Secured asset value less than 10% of outstanding Correct Answer Incorrect Answer
      C Deteriorated asset not yet written off Correct Answer Incorrect Answer
      D Asset identified by internal audit Correct Answer Incorrect Answer
      E Asset considered uncollectible and not written off Correct Answer Incorrect Answer

      Solution

      A Loss Asset is one which is unrecoverable, even though it may not have been fully written off.

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