How to check or determine cash credit (c/c) A/c or PC Accts when it gets overdue..
I mean to say that if bank's automated generated reports in system is showing some overdue c/c or pc account,then how can i verify that whether it has actually become a overdue pc or c/c account or not...?
pls correct if i'm wrong:Rule for getting overdue is that if a borrower does not pays continously 90 days from the due date of any installmnt or interest due,then that account will become ovrdue..
but my prob is that for any c/c account, there may be many disburshment (credits), then in that case 90 days calculation will start from which credits..is it star frm very last disburshment..or something else...pls share ur views..
CAclubindia
