Legal Question in Banking Law in India
What If the term loan is taken of 200000 become npa at outstanding of 225000 how the entries should be passed is it 200000 as principal amount and 25000 as suspense interest or 225000 as principal and 25000 as interest suspense ?
Asked on 10/19/11, 9:16 am
2 Answers from Attorneys
J. Radhakrishnan
independent Practice
consult your auditing or accounts department as to how the entries are to be passed. we cannot provide any answer for these accounting problems.
Answered on 10/19/11, 6:31 pm
Aniruddha Pawse
Aniruddha.P.Pawse Advocates
sorry it is a legal forum.
Answered on 10/20/11, 6:12 am
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