Banking General Awareness Tax and Budget Question Bank Tax and Budget

  • question_answer
    The purpose of providing depreciation on the bank's property is

    A) to reduce the profit of the bank

    B) to make usual allowances for annual wear and tear

    C) to enable the bank to recover tills amount from the Reserve Bank of India

    D) to strengthen the financial position of the bank

    E) None of the above

    Correct Answer: B


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