Npa
This query is : Resolved
29 April 2009
What is the meaning of Non performing asset (NPA) can you please explain in the context of a bank
What is the meaning of Qualifying asset
What is the meaning of Qualifying asset
29 April 2009
Non Performing Asset means an asset or account of borrower, which has been classified by a bank or financial institution as sub-standard, doubtful or loss asset, in accordance with the directions or guidelines relating to asset classification issued by RBI.
NPA shall be a Loan or Advance which remains overdue for a period of more than 90 days.
I assume you are asking "Qualifying Asset" as per AS - 16 Borrowing Costs.
A qualifying asset is an asset that necessarily takes a substantial
period of time to get ready for its intended use or sale.
Substantial period of time normally is construed as a period of 12 months.
NPA shall be a Loan or Advance which remains overdue for a period of more than 90 days.
I assume you are asking "Qualifying Asset" as per AS - 16 Borrowing Costs.
A qualifying asset is an asset that necessarily takes a substantial
period of time to get ready for its intended use or sale.
Substantial period of time normally is construed as a period of 12 months.
Message likes :
1 times
30 April 2009
good answer
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Opting our of sec 44AD
- Value of property in capital gain
- Multiple trade mark
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- Copyright software
- Regarding TDS Applicability For Director Remuneration
- LC charges in relation to Asset purchased should be Capitalised ?
- Transporter Declaration form
- TDS LATE PAYMENT
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
