The Asoka Bank Ltd owns premises. From the following particulars relating to its accounts, prepare the Balance
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The Asoka Bank Ltd owns premises. From the following particulars relating to its accounts, prepare the Balance Sheet as on 31st March, 2016 (all figures in ₹).
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Authorised capital Subscribed capital: 4,00,000 shares of * 10 each * 5 paid Investment Bills discounted Profit and Loss Account (Cr.) Endorsement on bills negotiated Liability of customers for acceptances Money at call and short notice Cash in hand Cash with Reserve Bank of India Cash with State Bank of India Reserves Circular notes 40,00,000 Letters of credit Telegraphic transfers payable 20,00,000 Bank drafts 70,00,000 Short loans 1,50,00,000 Rebate on bills discounted 8,50,000 Acceptances for customers 1,00,000 Loans 50,00,000 Cash credit 90,00,000 Bank overdraft 20,00,000 Bills purchased 40,00,000 Current and deposit account 40,00,000 Investment fluctuation accounts 30,00,000 Bills negotiated 10,00,000 5,00,000 3,00,000 7,00,000 40,000 10,000 50,00,000 1,00,00,000 1,00,00,000 10,00,000 10,00,000 5,60,00,000 1,00,000 1,00,000 Liability on bills of exchange rediscounted amounts 3,70,000 and on account of outstanding forward exchange contracts 2,00,000.
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Related Book For
Corporate Accounting As Per The Companies Act 2013 Including Rules 2014 And 2015
ISBN: 9789352605569
2nd Edition
Authors: M Hanif, A Mukherjee
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