Professional Documents
Culture Documents
The following are the ledger balances of X bank Ltd., prepare the profit & Loss
Account and Balance sheet as on 31st March, 2015, as per the requirements of
the Banking Regulation Act
Share capital, 20,000 shares of Rs.1,000 each Rs. 100 paid 2000
Reserve fund investment 1000
General Expenses 182
Current Accounts 20244
Interest paid 161
Savings bank accounts 2920
Fixed deposits 4000
Profit and loss account balance brought forward 230
Discount received 180
Rebate on bills discounted 64
Commission, exchange and brokerage 44
Cash 227
Interest received 532
Cash with RBI 2012
Owing by foreign correspondents 200
Short loans 6482
Loans and advances to customers 15585
Investments 9283
Bills discounted 6228
premises 2218