Answer Happy

Q4. Calculate the profit of a bank by preparing income and
expenditure statement.
Particulars
OMR
Particulars
OMR
Locker rent
Discount on bills discounted
Director and auditor fee
Establishment Expenses
Interest on loan
Interest on fixed deposit
Interest on cash credit
Sundry expenses
Impairment for credit loss
Transfer fee
Fee and commission expenses
Provision for doubtful debts
Decrease in net changes in face value of sale of investment
70,000
2,100,000
50,000
600,000
2,800,000
2,980,000
2,400,000
20,000
2,000
5,000
25,000
300,000
900
Interest on current account
Interest on over draft
Interest on savings bank account
Postage and telegram
Printing and stationary
Discount on bills discounted
Rent and taxes
Income tax expenses
Depreciation
Fee and commission income
Profit on exchange difference arising on foreign operation
450,000
600,000
720,000
20,000
30,000
550,000
220,000
35,000
8,000
70,000
500
Particulars
OMR
Particulars
OMR
Share capital
Reserve fund
Investments
Cash with other banks
Cash with central bank
Fixed deposit account
Savings deposit account
Land and building
Loans, over draft and cash credit
Bills discounted
90,000
10,000
14,000
55,000
23,000
65,000
62,000
85,000
75,000
Investments available for sale
Provision for tax
Taxation
Retained earnings
General reserve
proposed dividend
financial derivative positive
8,000
1,500
2,000
6,500
30,000
5,000
12,000