Question: Please solve as soon as possible Q-6 While closing its books of account on 31st March, 2017 a Non-Banking Finance Company has its advances classified

Please solve as soon as possible

Q-6 While closing its books of account on 31st March, 2017 a Non-Banking Finance Company has its advances classified as follows: in lakhs Standard assets 53,600 Sub-standard assets 2,680 Secured portions of doubtful debts: Up to one year 640 one year to three years 180 more than three years 60 Unsecured portions of doubtful debts 194 Loss assets 96 Calculate the amount of provision, which must be made against the Advances as per the Non-Banking Financial Company - Non-Systemically Important Non-Deposit taking Company (Reserve Bank) Directions, 2016. [RTP-MAY-2018]

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