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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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