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medium10 pts · first answer countsrevenue-recognitionreceivablesecl

Allowance from a provision matrix

Using the provision matrix below, what is the expected credit loss allowance?

Bucket         Balance (₹)   Loss rate
Not due        10,00,000       1%
1-30 days       4,00,000       5%
31-90 days      2,00,000      15%
Over 90 days    1,00,000      50%
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