Loan and Advances of a bank come under which of the following category? A. Assets B. Liabilities C. Deposits D. All of the Above E. None of the Above

Loan and Advances of a bank come under which of the following category? A. Assets B. Liabilities C. Deposits D. All of the Above E. None of the Above
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A. Assets Explanation: Anything tangible or intangible that can be owned or controlled to produce value and that  is held to have positive economic value is considered an asset. Anything tangible or intangible that can be owned or controlled to produce value and that is held to have positive economic value is considered an asset.
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Last Answer : D] Assets increased by Rs.800000 and liabilities increased by Rs.800000

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