Corporate accounting II

Banking Company Accounts- Profit

and Loss Account Format
By
R.Geetha
Schedule 13
Interest Earned
Particular Amount
Interest received Xxxxxx
Interest on loan Xxxxxx
Discount received Xxxxxx
Interest on cash credit Xxxxxxx
Interest on overdraft Xxxxx
ADD: Opening balance on unexpired discount/Rebate on bill Xxxxxx
discounted ----------
Xxxxxx
LESS: Closing balance on unexpired discount/Rebate on bill Xxxxxxx
discounted
Total xxxxxxx
Schedule 14 : Other Income
Particular Amount
Commission, exchanges and Brokerage Xxxxx
Profit on sale of investment
xxxxx
LESS: loss on sale of investment Xxxxx
xxxx
Income earned by way of dividends Xxxxx
Locker rent Xxxxx
Transfer fees Xxxxx
Rent received Xxxxx
Miscellaneous income Xxxxx
Total xxxxx
Schedule 15: Interest Expended
Particular Amount
Interest on deposit and borrowings Xxxxx
Interest on fixed deposit Xxxxxx
Interest on current deposit Xxxxxx
Interest on saving account Xxxxxx
Interest on recurring deposit Xxxxxx
Interest on RBI Xxxxx
Total xxxxxx
Schedule 16 : Operation Expenses
Particular Amount
Payment to and provision for employees Xxxxxx
Rent, taxes and lighting Xxxxxx
Printing and stationery Xxxxxx
Advertisement and publicity Xxxxxx
Depreciation on bank’s property Xxxxxx
Directors fees, allowances and expenses Xxxxxx
Auditors fees, allowance and expenses Xxxxxx
Law charges Xxxxxx
Postage, telegrams, telephones, etc. Xxxxxx
Repairs and maintenance Xxxxxx
Insurance charges Xxxxxx
Other expenditure Xxxxxx
Total xxxxxx
Provision and Contigencies
Particulars Amount
Bad debts xxxx
Add: New reserve for bad and doubtful debts xxxx
Less: Old reserve for bad and doubtful debts xxxx Xxxxx
Provision for bad debts Xxxxx
Provision for taxation Xxxxx
Total xxxxx
Thank you