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The account that is built up by annual noncash expense deductions and is subtracted from...

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Accounting

The account that is built up by annual noncash expense deductions and is subtracted from Gross Loans on the Report of Condition is:
A. unearned income.
B. nonperforming loans.
C. allocated loan risk deductions.
D. allowance for possible loan losses.
E. None of the options are correct.
Nonperforming loans are credits on which any scheduled loan repayments and interest payments are past due for more than:
A.30 days.
B.60 days.
C.90 days.
D.180 days.
E. None of the options are correct.
When a loan is considered uncollectible, the bank's accounting department will write (charge) it off the books by reducing the q, and the accounts. Which choice below correctly fills in the blanks in the preceding sentence?
A. PLL, gross loans
B. ALL, net loans
C. ALL, gross loans
D. PLL, net loans
E. None of the options are correct
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