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
Its financial npa or technical npa? have u verified the credits in the account?
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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