Banks are to recognize their income on……………… basis in respect of income on non performing asset.

Name: Banks are to recognize their income on……………… basis in respect of income on non performing asset.
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Question

Quizplus · Accepted Answer

Banks recognize their income on a cash basis in respect of income on non-performing assets, as opposed to the accrual basis, to ensure that income is only recorded when it is actually received, reflecting the uncertainty of income realization from such assets.

Banks Are to Recognize Their Income On……………… Basis in Respect