Hi friends,
One of the CC Account was not renewed and it was overdue . But before it becomes NPA "due to out of order/ non-renewal" the customer paid the full amount and there is a credit balance now. But , if the bank fails to close the account before the date of NPA, will it be considered as NPA due to non-renewal even though the account has a credit balance?
Thanks & Regards.
Eshwar & Co Chartered Accountants - Nungambakkam
Chennai
CA Inter
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Austin Med Solutions Pvt Ltd
Bengaluru
CA
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Bharat Shah & Associates
Mumbai
CA Inter
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N J Suresh & Associates
Bengaluru
CA Inter
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CCI
Pro
CAclubindia
