Banks are to recognize their income on cash basis in respect of income on performing assets.

Related MCQs

• Banks are to recognize their income on…………….basis in respect of income on performing asset.
• Banks are to recognize their income on……………… basis in respect of income on non performing asset.
• An assets becomes non performing when it to generate income for bank.
• An assets become non-performing when it ceases to generate income for a Bank.
• Sub-standard assets is one which has been classified as non performing asset for a period not exceeding three years.
• Impairment assets is nothing but………………….in the value of assets
• …………….asset is one which has been classified as non-performing asset for period not exceeding than………….years
• The independent branches are autonomous as they are allowed to make their own purchases from open markers and pay for their expenses.
• In financial lease as per As-19 leased assets is shown in the Balanced sheet of--
• Recoverable amount of an asset isof selling price and value of an assets in use.