Bad Debts Advances :6 The following balances have been extracted from the books of a banking Profit before charging bad debts Required Provision for Bad Debts Provision for Taxation to be made II$ 5,00,000 $ 74,50,00,000 $ 21,50,000 $ 7,00,000 40% of Net Profit show how the above items will appear in the banking companys Profit and Loss Account and Balance Sheet.