4 Questions
What is the net loan amount at the beginning of Month 1?
$14,958,000
What is the total equity at the end of Month 1?
$2,112,000
What is the total liabilities + equity at the end of Month 2?
$19,200,000
What is the amount written off the books at the end of Month 2?
$5,200
Test your knowledge of accounting principles with this quiz on loan loss provisioning and write-offs. Practice calculating the allowance for loan losses and understanding the impact on a bank's balance sheet.
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