Prepare a Profit and Loss Account for the year ended 31.3.2016 and a Balance Sheet of Mini
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Prepare a Profit and Loss Account for the year ended 31.3.2016 and a Balance Sheet of Mini Bank Ltd as on that date from following Trial Balance on 31st March, 2016 (all figures in ₹):
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Dr. Unissued Capital Uncalled Capital Interest paid on Deposits and Borrowings Loss on Sale of Investment Provident Fund Contribution Directors' Fees Stationery and Printing Auditors' Fees General Expenses Owing by Foreign Correspondents Overdrafts, Loans, Cash Credits Bank Premises Kerala Government Bond Government of India Securities Money at Call and Short Notice Bills Discounted Shares of other companies Cash in hand and with RBI Cash at Banks Income Tax paid Salaries and Allowances Interim Dividend paid 2,00,000 Authorised Capital (equity shares of ₹ 100 each) 1,50,000 Commission, Exchange and Brokerage 48,500 Profit on Sale of Gold 12,600 Short Loans 9,200 Reserve Fund (invested in India Govt. Bonds) 5,500 Investment Fluctuation Reserve 5,600 Current Accounts 1,200 Contingency Accounts 2,700 Profit and Loss Account on 1.4.2015 20,000 Interest and Discount 3,80,000 Savings Bank Deposits 60,000 80,000 4,20,000 70,000 73,000 17,000 1,10,000 3,00,000 9,000 73,500 7,500 20,55,300 Cr. 5,00,000 49,400 35,900 2,20,000 80,000 20,000 5,00,000 1,00,000 25,000 1,70,000 3,55,000 20,55,300
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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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