ЁЯУв Too many exams? DonтАЩt know which one suits you best? Book Your Free Expert ЁЯСЙ call Now!

    Question

    A loan becomes NPA on 31st March. If no recovery is

    made, when does it become a Doubtful Asset?
    A 31st May next year Correct Answer Incorrect Answer
    B 1 year from NPA date Correct Answer Incorrect Answer
    C 90 days from NPA Correct Answer Incorrect Answer
    D 180 days from NPA Correct Answer Incorrect Answer
    E On audit recommendation Correct Answer Incorrect Answer

    Solution

    A Substandard Asset becomes Doubtful if it remains NPA for more than 12 months.

    Practice Next
    More Financial Management Questions

    Relevant for Exams:

    ask-question