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Particulars Aliounts OMR Bad debts 50,000 Building 50,000 Provision for doubtful debts 10,000 Investments 15,000 Provisions for possible credit losses 50,000 Saving deposits 12,000 Overdrafts
Particulars Aliounts OMR Bad debts 50,000 Building 50,000 Provision for doubtful debts 10,000 Investments 15,000 Provisions for possible credit losses 50,000 Saving deposits 12,000 Overdrafts 40,000 5,000 Outstanding Rent Current deposits 6,000 At the end of the year, some adjustments are, Recoveries from the provision for loan losses is 15,000 OMR, Outstanding Salaries is 4,000 OMR, and Non-Banking Asset 3,000 OMR. Total of provisions and contingencies after making the adjustments would be: a. 65,000 OMR O b. 95,000 OMR O c. 80,000 OMR O d. 45,000 OMR
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