Is it a agricultural advance??
Npa provision
Page no : 2
CA Saroj Kumar
(Keen to learn something new every moments)
(2588 Points)
Replied 09 June 2014
@ aditi yes acording to term of overdue its shall be classified. Whether it is standdard or sub standard or doubtful debts. so its bank responsibility to classify we as statutory auditor we look whther the classification amde by bank is correct or not.
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