MANSI RASTOGIMANSI RASTOGI asked 5 months ago
1 Answers
RaviRavi Staff answered 5 months ago

advance / loan given can be performing or non-performing
if its performing / standard very low amount of precautionary provision is required, such loan given is shown on asset side and its provision (credit balance) may not be netted with advances and shown on liability side under provisions
but in case of non-performing assets provisions compulsorily netted with such loans, such thing is also required in debtors and provision for doubtful debts
 

Call Back Request