“Account ofthe Safety Bank for te year endeg = 000)nace SO ACCOUNTS OF BANKING COMPANIES Ma73 Audit Fees 20 Provision for Diminution in the Value of Govt. Securities 5 Misc. Expenses 25 Balance 500 Es 1,500 ‘Ans. [Net Profit ¥ 4,00,000). 4, From the follo «® "000) Interest on Joans 300 Interest on fixed deposits 275 10 20 150 152 240 = pee aoe for income taxis tobe made ostemont m et ful ty Interest on saving bank deposits. Tesattt Postage, telegrams and stamps Printing and stationery Sundry expenses Rent Taxes and licences Audit foes et dorabd wing information, ree ante va ka re ns ended on 31st March, 2014. Working shoud form par of Your answeree ee ee ae, i ei focal 182 Balance with Reserve Bank 2.030 i Paid 20.245 Balance with Foreign Banks 1.206 26 its oa as Bills for Collection ‘Ge Depa Acces Borrowings from Banks Profit and Loss Account Balance BH 339. Cuun Cronis and Ovendrats 15.487 Bills Receivable for Customers ‘3003 laveatinen 9.882 Dia 4 Bills Discounted S28 Endorsements and Guarantees S15 Premises 2217 v, comers 45° Share Capital 2,000 Following further information is fsiched {Net Profit © 305,000; B/S Total ® 3.7248,000) Adjustment (2) can be 4 part or separate because itis just information. Interim dividend had already been paid. Cast hat slready been pads soit cannes be adjutant From the following ledger balances of Laxmi Bank Limited, prepare Profit and Loss Account and Balance Sheet as on 31st March, 2014: 1-000), Share Capital: Interest, Discount and Commission 245 12,500 Equity Shares of ® 100 each ‘1,280 Cash in hand and with Reserve ‘Statutory Reserve 600 Bank of India 1584 ‘Current Accounts and Deposit A/cs 7.732 Money at call and short notice: a4 P&L Account (balance) 15 Bills discounted 379 Interest paid: ‘27 Loans and Advances 4065 ‘Government Securities 600 Bank Premises and Furniture aie ‘Other Securities. 825 Non-banking Assets 337 Payment to Employees. ‘74 Shares and Stock. 67 Depreciation on Premises, n Make a provision for rebate on Bills discounted ® 3,000, [Profit © 1,19,000; B/S Total 97,19,000), Following figures are available of New York Bank Lid. as om 1-3-2014 : Cash in hand 753.000. ‘Money at call 80,000 ‘Reserve Fund 2.50000 ‘Share Capital (30,000 shares of € 10 each) 5,900,000 2,300 Current Deposits 100,000 1,800. Fixed Deposits Ln ¢ 46,000 Profit & Loss A/c (1-4-2013) 17.900BE ERS. Prepare: ‘Balance Sheet of Progressive Bank Lad:as on 31st March, 2014 : ot ‘De agai Foo‘The ences decided ms reserve © 21000 for woes fn. iscount and unaafer reserve FOF building depercancs | . Ams. (VS Total 7 469,540001. a St Maret: 2014 ce formished 10 00. You ap, | ‘Bank Lad as T,_Folloming lecger balances ofthe BOOIIY Tt ements ‘required ro prepare Balance Sheet as per the ‘consider necessary. Cah ‘of law afer making such adjustments as yo, 70am so nand Ey Reserve Fund = Profit and Loss Account Zn 4s 7) Bhoude BE Soncdte é 58s22. From the following information and balances extracted from the books of account of Asis Bank Limited as on 31-3-2014 prepare 3 Profit and (Loss Account for the year ended 31-3-2014 and Balance Sheet as ‘on that dale as per the Banking Regulation Act Authorised capital in equity shares of € 100 each, € 150 lacs. Issued, subscribed and called up © 50 per share by application and allotment of equal amount. 75,000 equity shares were subscribed of which allotment moneys for 4.000 shares were not received. Place Tiacs Reserve Pund 14.00 Building W.D.V. (Depa. 5%) 2.00 Provision for deubefl dats 6.00 Furniture WD.V_(Depn. 10%) 030 Loans sdvacced secured $8,720 Office Equipments W.D.V. ——— 22.80 (Depa) (15%) 0.60 Fixed deposits 51.40 Vehicles W.D.V. (Depa. ME) 230 (Current account deposits 75.60 Interest paid 70 a eee 48.20 Interest received 1696 Recurring deposits, 19.10 Exchange and Commission (Cr.) 3.00 LC. account deposit (Cr.) 1150 Salaries and Wages benetits 320 Advance on 20-point programme 21.00 Rent & Rates, Lighting. Insurance be ang Asscts 1300 Travelling expenses f Provision for Income-tax O89 Postage and Telephone 03s Balance of Profit & Loss A/c (Cr.) 320 & 0.20 Bills discounted 30,90 Directors’ Fees & Expenses. is Cah with Reserve Bank of lndia 41,00, Sundry expenses 070 ‘Cash with other banks 4275 Legal expenses Ors Investment in Gavi, Boads 10.00 Cash on hand 3.03 Inter Branch Alc (Dr) 14.00 Bills for collection from customers 30.00 (i) Auditor's fees outstanding © 0,50 lacs. (ii) Provide depreciation at raics indicated on W.D.V. method. (Gil) Provide for loss on sale of nos-banking assets © 1.60 lacs. Bad debts to be written off in 20-Point Programme Advances ® one lakh and provide for doubiful debis @ 5% on unsecured loans and 20-point Programme Advances in addition to the | existing bad debts provision. (w) Interest receivable © 1,60 lacs and payable 0.45 lacs. Interest accrued on investments for half year @ 6% from, 1-10-2013. (vif) Provide for taxation @ $5% aod 10% 0d 10% surcharge per pec. (vill) “There is a claim for salaries to staff for past two years in dispute © 3.20 lacs, (Net Profit 0.64 Ines; B/S Total f 252.97 lacs]. ‘From the books of accounts of a bank as on 31st March, 2014 the following particulars. regarding loans: tnd advances given by the bank are available: tw Priority Sector € 3,15,00,000 ; Advances to Public Sector T 90,00,000 ; Advances to India 45,00,000 ; Advances (Others) 3,60,00,000 s tid wot 0 Of wa 40 ‘bank had vo honour the rest, Bank register revealed the following . os hay ba tama eeParty failed t0 pay and bank had tp, ‘on 30-11-2013 ot Satisfied up fo 31-3-2014 pe SpMa Pelee Deposits Year beloee Appropriation Fixed — 160 Savings Bank = Lod Current Accounts ‘ a Bills Payable - => Premises at Cost less Deprec = Evite Cou et Depeatn es a marta tere a = = Is Discounted and Purchases = Investments at Cost iss oe a ‘Bullion en x Interest Accrued on Investments 40. = Fame, Atvanoes, Overieatanl Cath Croc in Ine a i Assets $ = ‘Cash with RBI 400 aa Cash with SBI 200 = Borrowings from Bank in India = 140 Unexpired es $ 3383 3383 Additional information : ils for Collection € 18,50,000 ; Acceptances Endorsements & 15.00,000 ‘Claims Pog nk Bot Acknowledged a Debts € 90,000 sheen (Comtracts © 40,00,000 ; + Premises © 60,00,000 ; Purniture T 30,00,000 Ans. [Balance Sheet Total ® 3.385 latins), oe ‘On 3 March, 2014 bank held he fetowing bits acount by carter Date of Bill Terms of Bill : Amonont of Bill 2014 (monéhs) @&pa r 1 Jan.17 4 v 365,000 2 ‘February 7 3 ie 7,30,000 m3 March 9 3 13 11.82,000 haa, NaH cleo Rett ox BN Dionne Alo show acer oul sy fr he have Grom the following information, be made io the Profit and Loss ko” Account of Coney Bank ante ae of provision o i % in 000) ; - Sub-Standard Assets 37,120 feat Assets: ; Upto one year (secured) 0.264 RS ‘One year to thee year (secured) 6.240 ‘More than three years (secured by mortgage bon of plant worth 1,600 thousand) i . [Total Provision Required on the Assets = 19,784.08 thousands] $ - White closing its books of account on 31st March, 2014 a Non-banking Finance Company has its advances classified as follows ; . cake ‘ Fin lakhs lie tat ak outer te i‘Capital Reserve (of which © 16 crores were due tn revaluation of assets and the balance duc to sale of capital asset)