d DanR

(Rs. in 000)
Bills purchased and discounted
300
Cash credits. and loans repayable on demand
400
Term loans
100
The following are the details of the above advances:
Secured by Tangible assets 600
Covered by banks and Ciovernment
120
Unsecured
40
Doubtful debts
40
In case of doubtful debts the bank did hold any security and
not
sanctioned to priority sectors in the form of demand loans.
they were all

The total advances outstanding from different sectors stood as

follows
(Rs. in 000)
Priority sectors 320
Public sector 60
Balance from others 420
Show the treatment of the above items of advances in the Bank's final accounts.

IMadras, B.C.S. (ICE) Oct. 2001 ( Figs)

Ans: Schedule 9 must be shown with details|
[Hint: See Page No. 12.14]
Preparation of Balance Sheet
24. From the following particulars of XY Bank Lid., prepare a Balance Sheet as on
31.3.2016 in the Revised format.
Rs.

Authorised capital 4,000

Subscribed capital 2.000

7,000
Investments
Bills discounted 15,000
850
Profit and Loss A/c (Cr)
100
Endorsement on bills for collection
5,000
Liability of customers for acceptances
9,000
Money at call and short notice
2,000
Cash in hand
4,000
Cash with RBI
 12.113
Statutory reserve
Corp Aceounting
Cash with State Bank of India
3,000
Letters of credit issued
4.000
500
Telegraphic transfers payable
800
Bank drafts payable
1.200
Short loans
40
Rebate on bills discounted
10
Acceptances for customers
5,000
Loans and advances
10,000
Cash credit
10,000
Overdraft
1,000
Bills purchased
1,000
Current and deposit accounts
56,000
Investment fluctuation fund
100
Bills for collection
100
Buildings 1,000
Madras, B.Com., B.Com (CS) Nov. 2008; B.Com (4F) Ap. 2008
[Ans: B/S total Rs.
6,40,00,000
-

Hint: Letters of
credit is contingent liability.
a

25. From the following balances

of Saraswathi Bank Ltd., as on 31st December 2015,
prepare its balance sheet in the prescribed form.

| (Rs. in '000)
Paid up share capital (shares of Rs. I00 each
fully paid) 2,000
Bills discounted 1,800
Reserve fund 770
Cash credits 2,000
Overdrafts 800
Unclaimed dividends 10
Loans 4,600
Current deposits 3,800

Furniture 40
Profit and Loss A/c (Cr) 220
Stamps and Stationery 10
Cash in hand
500
Cash with reserve bank
1,300
Branch adjustment (Dr)
170
Investments
950
Loans (Cr)
Recurring deposits 1,200
1,000
Bank Accounts
12.114

Fixed deposits
2,000

C a s h c e r t i f i c a t e s
1,000
Contingency reserve
170

Adfjustments

on bills discounted Rs. 10,000o

(a) Rebate
Rs. 80,000 for doubtful debts
(b) Provide
on behalf of customers were Rs. 6,50,000.
(c) Banks acceptances
B.Com (CS) Ap. 2008;
IMadras, B.Com (CS) Nov. 2008; B.Com,
2006;
(ECAIA) Nov. 2007; B.Com., B.Com. (CS) Ap.
Ist M.Com.,
2005,; B. Com. (PZG) Ap. 2005; B.C.S. Ap. 20021
8Com. (Sem-PZ4A) Nov. sheet 1,30,000;
balance carried over to balance
-

[Ans: P & LA/¢

Balance Sheet total
-

Rs. 1,21,70,000]

debts can also be reduced in schedule 9]

Provision for doubtful
IHint:
the following balances
stood in the books of Asian Bank Ltd.
On 31.12.2013, (Rs. in 000)
h

4,000
Share capital
-

issued 80,000 shares of Rs. 100 each, Rs. 50 paid 6,200

Reserve fund 42.600
Fixeddeposits 19,000
Savings bank deposits 23,200
Current accounts
1,800
notice
Money at call and short
9,000
Government securities
16,000
Other investments
1,350
balance (1.1.2013)
Profit and Loss Account (Cr) 400
Dividend for 2012
Rs. 45,000) 2,950
Premises (after depreciation upto 31.12.2013, 380
Cash in hand 10,000
Cash with RBI
6.000
Cash with other banks
51,000
Bills discounted
4.136
Loans and overdrafts
70
Drafts payable
60
Unclaimed dividends 50
Rebate on bills discounted
 12.115
Short loans (Cr) Corporate Accmuntin.
Furniture (after depreciation upto 31.12.2013, Rs.
1,36.000
Net profit for 2013
Prepare the balance sheet as per the banking regulation Act.
IMadras, B.Com. Ap. 2008;
B.Com
Com (Cs
(CS)
B.Com (ICE) Oct.
2005; Ap. B.A. Sep. 20
Ans: Balance sheet total 1s
Rs. 104
-

Profit and Loss A/c balance shown in balance sheet Ra

Addition to statutory reserve is Rs.
Hint: Prepare Appropriations part of P& LA/c as working note. 387
Currently transfer to Statutory Reserve is 25% of Profit.
27. On 31.3.2013 the
following balances stood in the books of New Bank t
after preparing Profit and Loss A/c. Lud.
Share capital
(Rs. in Thousands)
Reserve fund 3,500
Fixed deposit accounts 2,450
Savings bank accounts 6650
Current Accounts 21,000
Money at call and short notice S6,000
Investments (at cost)
2,100
21,000
Profit&Loss Account (Cr) 1.4.2012 1,470
Dividends for 2012
350
Landand Buildings (after depreciation) upto 31.3.2013 7,445
Cash in hand
420
Cash with reserve bank
10,500
Cash with other banks
9,100
Borrowings from other banks
4,400
Bills discounted and purchased
4,200
Sundry creditors
210
Bills payable
5,600
Loans, overdrafts, and cash credits
49,000
Unclaimed dividend
210
Bills for collection
980
Acceptance on behalf of customers
1,400
Net profit for 2012-13
1,680
[Ater deducting provisions for bad debts Rs. 2,10,000; tax provision Rs.
an rebate on bills discounted Rs. 35,000] 7,00,000
bank as 31.3.2012
Prepare the balance sheet ofthe on
R e n k A c c o U l ,

12.116
rMadras, B.Com. B.Com (CS) Nov. B.Com., April 200 [Thiruvalluvar,
2009; B.Com., March 2008
P& LA/c balance carried over to
[Ans: P&LA/¢i
balance sheet Rs. 19951|
Balance sheet total Rs. 23,80,000:
Himt ision for doubtful debts can also be
(1) Pror 10,37,65,0001
reduced in schedule 9.
(2) Prepare Appropriation part of P&L alc as working
harationofProfit & Loss Account and Balance Sheet note]

Fam the llowing ledger balances ot Indian Bank ILtd., prepare the Profit
and Balance heet as on 30th June 2020. and Loss
Avount

Rs
Freehold and leasehold property 4,15,000
Premises and furniture
3,37,500
Loans and advances
46,65.000
Bills discounted
3,79,500
Money at call and short notice 2.74,250
Cash in hand and with RBI 15,84,750
Interest, discount and commission 2,44,500
Premises account amount written off 22.500
Current expenditure, salaries, rent, etc. 71,250
Amount added to staff retirement fund 3,000
Shares and stock 6,37,500
Govt securities 6,00,000
Other securities 8,25,000
interest accrued and paid 25,500
Profit and Loss Account (1.7.2019) 15,300
Acceptance on behalf of customers 12,00,000
Current accounts and
deposits 77,31,450
Reserve fund 6,00,000
Share capital 12,500 ordinary shares of Rs. 100 each 12,50,000
Make provision for rebate on bills discounted 2,450
Nov. 2005;
IMadras, Ist M.Com (Sem-CAL4)
Ist M.Com. (CALA) Nov. 2005; B. Com, March 19941
the year Rs. 1,19,800;
Ans: Net profit for
-

Rs. 97,19,000
5alance carried to B/S Rs. 1,05,150; B/S total
Difference in Trial Balance Rs. 500 (Cr) excess]
Hint:1. Show representing differencein trial
KS. 500 in schedule 11 as other asset,
balance.
2. 25%
ONet Profit should be transferred to statutory reserve now.
12.117
29. The following are the
balances of
Profit and Loss Account and the Karuna Bank Ltd
balance
sheet as at
requirements of the Banking Regulation Act. 31st
Corporate Acanmi
are required oprepareth

Share capital 2,000 equity shares of

Rs. 500 each Rs.
Rs. 100 per shares
paid up
Bad debts written off
Reserve fund investments
2,00,000
12,871
General expenses
1,00,000
Current accounts
18,242
Interest paid
Deposit accounts
20,24,422
16,052
Profit and Loss Account
(Credit) 6,92,023
Acceptance for customers 22,934
Discount 1,54,282
Bills receivable 24,376
Endorsements and guarantees as contra 1,00,000
per
Owing by foreign correspondents 7,402
Customers liabilities for 20,044
Short loans (Cr.)
acceptances 1,54,282
Loans and advances to
6,48,206
customers
Investments 15,45,670
Bills discounted 9,88,254
Premises 6,22,824
Bills for collection 2,21,790
Statutory reserve 1,00,000
Interest received 1,00,000
Commission 53,226
Cash in hand 4,424
Cash at Bank 22,654
The following 2,01,210
information is relevant:
() During the year
interim
i) Reserve Rs. 6,438 as dividend of Rs. 20,000 was paid
Rebate on bills
(ii) Provide Rs. 15,000 discounted
(iv) Particulars of for taxation reserve
investments and advances
are not
IMadrus, B.Com (CS)requirea.
Ap. 2009;BACO
190
March 1991; Sep.
B a n k A c c o u n t s

Ans : Net Profit - Rs. 13,423;

Balance Sheet Total Rs. 37,22,446]

the balance left on that account
must be
dBalance of Profit and LOsS ACCOunt
20,000. So, interim dividend
of interim dividend of Rs.
after the
payment
added to P&Lbalance b/fand then the interim dividend can
a m o u n t can be

shown asan appropriation

or the
adjustment can be ignored. Former
be
method is better.

are the balances of the Indra Bank Ltd., as at 31.3.2013.

The following
30. Trial Balance as on 31.3.2013

Particulars Debit Particulars Credit

Cash in hand
3,41,644Share capital:
6,21,858|2,50,000 shares of
Cash with RBI
Rs.20 each Rs.3 paid 7,50,000o
call and
Money at
short notice 2,79,416| 1,37,500 shares of
1,37,500
Bills discounted 8,33,483 Rs.10 each Re.1 paid
5,00,000
Reserve
13,42,120 Current accounts 25,81,343
Advances to customers
Deposit accounts 6,85,135
Liability of customers for 1,61,599Endorsements for
endorsements
1,61,599
Bank premises 2,60,000customers
Acceptance for
Shares in subsidiary
2,48,000 customers 1,78,617
companies at cost

Shares in Affiliated Dividend

companies at cost
1,68,000equalisation fund 56,005
1,28,139
Balance with other banks 2,24,220 P&LA/c on 1.4.12
6,18,358 Interest received 1,41,010
Investments at cost
Discount charges 38,461
1,54,859
Interest paid 42,048 Commission charges
General expenses 1,91,363 Dividends received

Dividend: Interim 32,188 less tax 86,251

Final 56,005
Llability of customers for acceptances 1,78,0l
55,98,919
55,98,919
Adjustments:
0 Rebate on bills discounted Rs. 3,271
(ii) Rs. 20,000 to be allocated to reserve.
You are required to prepare Profit and Loss Account and Balance Sheet.
(adadras RA. Cer. Sep. 1996
12.119
Corporate Accountin.
[Ans: Net profit for the ve
Balance carried
balance sheet Ra.133 9,
to

Balance sheet totalRRs.151

31.
Hint: Currently Transfer to Statutory Reserve should be at 2s0

The following Ledgerbalances of Bank of Purasawalkam Lid.

497 P
25%.
on , as

Balance31.Sheet
12.20
furnished to you. Prepare Profit and Loss Account and Balane221
requirement of law.
Per
(Rs. in Thousands
Reserve fund
Bad debts written off 1,200
General expenses 128
Current accounts 182
Interest paid 20,245
Deposit accounts 160
Profit and Loss Account b/fd 6,920
Bills receivable for customers 229
Discounts 1,500
Endorsements and guarantees 244
Commission 515
Cash 45
225
Interest earned
Balance with RBI 550
Endorsements and guarantees (constituent 2,030
Balance with liabilities) 575
foreign correspondents
Bills for collection 1,206
Borrowings from banks 1,500
Cash credit and overdrafts 6,482
Investments 15,457
Bills discounted
9,882
Premises
6,228
Share capital
2,217
The following information is furnished. 2,000
(a) Rebate on bills discounted to be
(b) The bank has paid an provided
interim dividend of Rs. 64,000.
IMadras, Ist M.Com Rs.
(KCAIA) Ap. 2,00,000 during
,00,000 durir the year
Ap. 2005; RC2009; (1st M.Com,-CAIA,
M