Final Accounts of Banking Companies (Problem 4)
Final Accounts of Banking Companies (Problem 4)
Final Accounts of Banking Companies (Problem 4)
Total 1560000
Assets
Cash & Balance with RBI 6 200000
Balance with banks and Money at call and short notice 7 100000
Investments 8 600000
Advances 9 300000
Fixed assets 10 360000
Other assets 11 NIL
Total 1560000
Schedule 1 : Capital
Particulars Amt
1) Authorised capital 300000
2) Paid up and subscribed cap 200000
Particulars Amt
Reserve fund 200000
Current year profit 80000
(-) Unexpired discount on 20000 60000
Bill discounted
Schedule 3 : Deposits
Particulars Amt
Current account 280000
Fixed dep 480000
Saving bank dep 220000
Schedule 4: Borrowings
Particulars Amt
Particulars Amt
Bills payable 100000
Unexpired discount on bill disc 20000
Particulars Amt
Cash in hand and at bank 200000
Schedule 7 : Balance with banks and money at call and short notice
Particulars Amt
Money at call and short notice 100000
Schedule 8: Investments
Particulars Amt
Investments 600000
Schedule 9 : Advances
Particulars Amt
Bill discounted and purchased 80000
Loans 160000
Cash credit 60000
Particulars Amt
Furniture 60000
Building 300000
Particulars Amt
Particulars Amt
Acceptances & endorsement for 40000
customer
Cy – 2months
Ny – 1 month - april