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ILLUSTRATION 10. From the following information, find out the amount of provision to be shown in the Profit and Loss Account of a commercial bank:
ILLUSTRATION 10. From the following information, find out the amount of provision to be shown in the Profit and Loss Account of a commercial bank: Assets Standard Sub-standard Doubtful (Secured) Loss Assets $ in lakhs 8,000 6,000 for one year 1,000 for three years 1,600 for more than three years 400 1,200
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