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BANKING COMPANIES
Accountancy
How they find this value in schedule 13 for the current yr.. of interest/ discount??
Answers (1)
1. Tax provision and Provision for doubtful debts to be shown separately as provisions and contingencies. 2. Loss on sale of investment to be deducted from profit on sale of investment. These amounts should be added back to Interest earned. (2045+ 148+92+12 = 2297)
