Which one of the following statement is incorrect?
A. Doubtful advance is an advance which remains NPA for more than 12 months
B. The account remain 'out of order' for a period of more than 100 days, in respect of an Overdraft/Cash Credit (OD/CC)
C. Net NPA is having provisions for bad debts
D. Net NPAs = Gross NPAs - Provision for NPAs
Answer: Option D

Join The Discussion