The following information is available in respect of three bills discounted by SBI, Parliament House Street, New
Question:
The following information is available in respect of three bills discounted by SBI, Parliament House Street, New Delhi.
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(i) Amount of Bill (²) (ii) Date of discounting of the bill (iii) Due date of the bill Particulars AA Bill 2,00,000 1.8.2015 1.9.2015 BB Bill 2,50,000 1.8.2015 1.10.2015 CC Bill 3,00,000 1.8.2015 1.2.2016 If the above bills remain unpaid, find out the date when they would be declared NPA. Also mention the Balance Sheet date for NPA declaration.
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Lets assume that the threshold for NPA classification is 9...View the full answer
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Related Book For
Corporate Accounting As Per The Companies Act 2013 Including Rules 2014 And 2015
ISBN: 9789352605569
2nd Edition
Authors: M Hanif, A Mukherjee
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