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Bank X was audited by the Central Bank of Oman and was required to prepare the Allowance for Loan Losses at the end of 2019.

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Bank X was audited by the Central Bank of Oman and was required to prepare the Allowance for Loan Losses at the end of 2019. Data provided includes the following: Beginning balances amounted to RO 3.500,000 and 40% of RO 20,000,000 Gross Loans is considered doubtful of collection About 50% of what was considered doubtful was written off and 80% of the accounts written off have been recovered before the end of the year. Question 17. How much is the ending balance of Allowance for Loan Losses? Answer Based on Question 17. How much is the amount of Provision for Loan Losses? Answer: Based on Question 17. How much is the amount of written off accounts

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