Already provided 100% implies that entire loan is written-off in phased manner as per management’s discretion of anticipated credit losses. Finally, nothing more is left to write-off.
Remaining 50% will be recorded as an expense to write-off [50% only].
Write-off signifies the amount that must be expensed due to sudden drop in value of the investment since credit risk increased substantially, making losses inevitable.
E.g. for Impairment:
P.S:
1- Hi @Worldlywiseinvestors : I see your interest in businesses that deal with other people money. Trust you can provide a better perspective for questions raised by @Sidharth_Chandraseka as it seems that my responses did not meet his expectations.
2- I will wipe out all the above responses after 24 Hrs to avoid clutter.
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