Question
In a Cash Credit account, the outstanding balance is
within the sanctioned limit, but there have been no credits in the account for 90 days as on the date of the Balance Sheet. Alternatively, the credits are not enough to cover the interest debited during the same period. How is this account classified?Solution
Even if the balance is below the limit, an account is treated as "out of order" (and thus an NPA) if there are zero credits for a continuous 90-day period or if the credits fail to cover the interest debited during those 90 days.
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