Why npa??

Akshita (student) (108 Points)

22 December 2013  

Hi... While doing concurrent audit of a bank i found a cash credit limit against stock of  1 crore with 25% margin. i.e. the minimum value of stock should be 133 lakhs.... 

it is given that out of 33 margin... only 15 is paid for stock... why is the account npa???

please reply soon

thanks in advance