Question 16
After missing 4 consecutive payments, a customer paid back the missed instalments in the 5th month. Has the customer rolled back or rolled forward?
Roll back
Roll forward
Both Roll back and Roll forward
None of these
After missing 4 consecutive payments, a customer paid back the missed instalments in the 5th month. Has the customer rolled back or rolled forward?
Roll back
Roll forward
Both Roll back and Roll forward
None of these
Correct answer
Roll back
Question 16 of 25 in the IIT Madras BS Financial Forensics (Financial Forensics) Quiz 2 paper sat on 2 Apr 2023, in the January 2023 term (IIT M DEGREE AN3 EXAM QPE3 02 Apr 2023). It carries 1 mark.