bank audit
This query is : Resolved
08 April 2011
Detailed form 111 shows the sanction limit is 0 or lessor than the advance amount.
what should be the treatment in aur audit report.
what should be the treatment in aur audit report.
10 April 2011
I dont know what is form 111. But when the advance amount is more than the limit and if the situation is more than 90 days as on the balance sheet date, you should pass MOC to classify the account as NPA, since the account has been continuoulsy in excess of the limit for 90 days or more.
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