Q.9.

From the following ledge balances of Satara Bank Ltd. as on 31st March 2019 prepare Profit
and Loss Account for the year ended 31-3-2019 and Balance Sheet as on that date.

Particulars Rs.
Share Capital ( Shares of Rs. 100 each Rs. 50 paid ) 250000
Reserve Fund 150000
Profit and Loss Account ( Cr. Balance on 1-4-18 ) 130000
Bills payable 400000
Unclaimed dividend 5000
Sundry Creditors 25000
Bills for collection 70000
Acceptance on behalf of customers 100000
Non-Banking Assets 170000
Bills Discounted 250000
Cash credit and Overdraft 2000000
Term Loans (dr) 1600000
Interest and Discount received 325000
Borrowings from Banks 480000
Cash in hand 125000
Cash with RBI 500000
Cash with other banks 725000
Premises ( original cost rs. 650000 ) 600000
Dividend for 2017-18 25000
Miscellaneous Expenses 10000
Rent, rates and lighting 5000
Salary to staff 50000
Interest on deposits paid 90000
Investment in Government Securities 1000000
silver 500000
Money at call and short notice 290000
Demand deposits 3500000
Savings banks Deposits 1700000
Term deposits 975000

Adjustments:
1. Provide rebate on bills discounted rs. 5000
2. Provide rs. 12500 for taxation
3. Provide rs. 10000 for doubtful debts
4. Claim against the bank not acknowledged as debts amounted to Rs. 25000
Q.10
Following is the trial balance of Vidya Bank Ltd. as on 31st March 2019

Particulars Debit Credit

Premises less depreciation 185000
Money at call and short notice 215000
Furniture less depreciation 30000
Depreciation on banks assets 11000
Non-banking assets acquired in settlement of 20000
claims
Cash in hand 300000
Cash at banks 250000
Investments 350000
Loans, Cash Credits and Overdrafts 1265000
Interest on deposits and borrowings 200000
Audit fees 4500
Salaries and allowances to staff 40500
Directors fees 4000
Postage and telegram 1350
Printing and stationery 3700
Other expenditure 2450
Interest and Discounts 367500
Share Capital
Issued and subscribed ( 6000 equity shares of rs. 600000
100 each fully paid )
Statutory Reserve 120000
Deposits 1250000
Provident Fund 135000
Borrowings from Maharaja Bank Ltd 255000
Unclaimed dividend 4000
Commission and Exchange 37500
Profit on sale of non-banking assets 1200
Profit and Loss Account 1-4-18 112300
TOTAL 2882500 2882500

Adjustments:
1. Provide rs. 10000 for bad and doubtful debts
2. Bills for collection amounted to rs. 105000
3. Acceptance, endorsements and other obligations amounted to rs. 52000
4. Provide rs. 1500 for Rebate on bills discounted.
5. Provide rs. 10500 for taxation
6. Stamps of rs. 160 and stationery of rs. 700 were in hand on 31-3-2019