Question

The balance sheet of Alpha Banking Co. has doubtful advances amounting Rs.300 lakhs (classified as outstanding for more than three years on 31-03-2014). The provision will be made for_______
a. 100
b. 300
c. 90
d. 120​

Answer 1

Explanation:

The Balance Sheet of Alpha Banking Co. has doubtful advances amounting Rs. 300 lakhs (classifiedas outstanding for more than three years on 31-03-2014). The provision will be made for Rs

Answer 2

The correct answer is option (a.) 300.

Explanation:

• The balance sheet of Alpha Banking Co. has doubtful advances amounting Rs.300 lakhs (classified as outstanding for more than three years on 31-03-2014).
• The provision will be made for Rs 300.
• Hence, the correct answer is option b i.e 300.