When a loan is considered uncollectible,the bank's accounting department will write (charge) it off the books by reducing the ______ 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.
Correct Answer:
Verified
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