TYBAF Final Account of Banking Company Financial Accounting -6

Assignment
Q.1. The following balances stood in the books of ABN-AMRO bank after preparation of its Profit
and Loss Account.
Items (Rs.‘000)
Share Capital:
Issued and subscribed 60,00,000
Reserve fund 93,00,000
Fixed deposits 6,39,00,000
Savings bank deposits 2,85,00,000
Current accounts 3,48,00,000
Money at call and short notice 27,00,000
Investments 3,75,00,000
Profit and Loss Account (Cr.) 1st April 2013 20,25,000
Dividend for 2012-13 6,00,000
Premises 44,25,000
Cash in hand 5,70,000
Cash with RBI 1,50,00,000
Cash with other banks 90,00,000
Bills discounted and purchased 57,00,000
Loans, cash credits and overdrafts 7,65,00,000
Bills payable 1,05,000
Unclaimed dividend 90,000
Rebate on bills discounted 75,000
Short loans (borrowing from other banks) 71,25,000
Furniture 17,46,000
Other assets 5,04,000
Net Profit for 2014 23,25,000
Prepare Balance Sheet of the bank as on 31st March 2014.
Q.2. From the following Trial Balance and the addition of information, prepare the Balance Sheet of
Dollar Bank Ltd an on 31st March, 2014, giving the relevant schedules:
Particulars Debit Particulars Credit
Cash Credits 1,23,815 Share Capital
Cash in hand 23,065 [29,70,000 Equity shares
Cash with RBI 7,740 Of Rs.10 each fully paid Up] 29,700
Cash with other banks 13,281 Statutory Reserves
Money at call and short notice 31,518 Opening balance 38,650
Gold 6,284 Profit and loss A/c
Government Securities 36,525 Opening Balance 61,800
Current Accounts 6,200 Net profit for the year
Premises 12,355 (before appropriations) 18,500
Furniture 8,518 Fixed Deposits 57,050
Tern loans 1,18,932 Recurring Deposits 25,500
Saving Deposits 62,500
Current Accounts 78,018
Bills Payable 150
Borrowing form other banks 16,365
3,88,233 3,88,233
Additional Information:
a) Bills for collection Rs.1,530.
b) Acceptance and Endorsements Rs.1,012.
c) Claims against the bank not acknowledged as debts Rs.45,
d) Depreciation charged during the year premises Rs.445, Furniture Rs.572.
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TYBAF Final Account of Banking Company Financial Accounting -6
Q.3. From following information prepare Balance Sheet of Suvarnyug Bank as on 31/3/2006
Dr Rs. (Lakhs) Cr Rs. (Lakhs)
Cash Credit 1624 Share Capital (Rs.10 each) 400
Cash in hand 320
Cash with RBI 125 Statutory Reserve 230
Cash with Other Banks 310 Net profit for the year 450
Money at call & Short Notice 220 Profit and Loss A/C 410
Gold 110 Fixed Deposits 1434
Government Securities 220 Saving Deposits 900
Premises 310 Current Accounts 680
Furniture 140 Bills Payable 120
Term Loans 1692 Borrowings from Banks 603
Overdrafts 156
Total 5227 Total 5227
Bills for collections Rs.16.20 Lakhs Acceptances and Endorsements Rs.14.80 Lakhs
Final Account
Q.4. The following is the Trial balance from the books of Ashwarya and Abhishek Bank Ltd as on
31.03.2014
Debit Rs. Credit Rs.
Director Fees 9,960 Paid up capital 20,00,000
Auditor Fees 2,000 Profit and Loss A/c 80,646
Furniture (Cost Rs.100000) 74,560 Current Account 68,25,208
Stamps in hand 378 Fixed Deposit 77,91,108
Land (Cost Rs.Rs.600000) 4,10,000 Saving bank Deposit 51,36,000
Deposit with RBI 8,00,000 Contingency Reserve 02 100,000
Book Debts, Cash credit and overdraft 1,40,00,000 Investment Reserve 70,000
Postage and telegram 2,306 Branch Adjustment 73,788
Rent taxes and premium 17,000 Statutory Reserve 1,30,000
Salaries 52,300 Reserve fund 4,00,000
Legal Expense 3,300 Interest and Discount 4,20,446
Cash in Hand 8,32,648 Commission and Exchange 2,04,450
Deposits with bank 24,10,250
Investment 17,56,250
Printing and Stationery 6,780
Bills Discounted 28,01,040
Interest paid 52,000
Unexpired Insurance 874
2,32,31,646 2,32,31,646
Additional Information:
a) The bank has accepted on behalf of consumers bill worth Rs.4,00,000 for collection.
b) Depreciation is to be written off Rs.16,000 From land and Rs.7,000 From furniture.
c) The authorised capital of the Bank is Rs.40,00,000 divided into 40,000 shares of Rs.100 each.
d) All shares have been subscribed but only hay the face value has been called up.
e) Create provision for taxation Rs.2,20,000.
f) Transfer 20% of Net profit to Statutory Reserve.
Prepare Bank final account for the year ended 31.03.2014. Ashwarya and Abhishek Bank Ltd.
Q.5. From the following, you are required to prepare the profit and loss account and balance sheet of
state bank as on 31-03-2014
Particulars DR. Rs. CR. Rs.
Issued Capital: (20,000 Shares of Rs.100 each) 20,00,000
Money at call and Short Notice 10,00,000 -
Reserve Fund - 10,00,000
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TYBAF Final Account of Banking Company Financial Accounting -6
Cash in Hand 8,00,000 -
Deposits - 37,00,000
Cash at Bank 12,00,000 -
Borrowing from RBI - 10,50,000
Investment in government Securities 13,00,000 -
Secured Loans 22,00,000 -
Cash Credits 7,75,000 -
Premises less Depreciation 8,50,000 -
Furniture less Depreciation 1,50,000 -
Rent paid 7,500
Interest and discounts - 12,00,000
Commission and Brokerage - 1,05,000
Interest paid on Deposits 4,50,000 -
Salary and Allowance 2,00,000 -
Interest paid on Borrowings 75,000 -
Audit fees 10,000 -
Directors Fees 12,000 -
Non- Banking Assets 1,00,000 -
Depreciation on Bank’s Property 19,500 -
Printing 4,500 -
Advertisement 1,500 -
Stationery 7,500 -
Rent Received - 90,000
Postage and Telegrams 3,000 -
Other Expenses 4,500 -
Profit on sale of Investment - 5,000
Loss on sale of Investment 5,000 -
91,50,000 91,50,000
Additional Information:
Provide Rs.20, 000 for doubtful debts. Provide Rs.25, 000 on bill discounted but not matured on 31st -
03-14. Acceptance and endorsement on behalf of customer amounting to Rs.4,00,000. Provide Rs.40,
000 for taxes.
Q.6. From the following particulars, prepare the final account of HDFC Bank Ltd.
Trial Balance as on 31st March, 2014
Particulars DR. Rs. CR. Rs.
Share Capital : 1,00,000 Shares of Rs.10Each; Rs.5 paid up - 5,00,000
Reserve Fund - 10,00,000
Fixed Deposits - 20,00,000
Saving Bank Deposits - 30,00,000
Current Accounts - 70,00,000
Borrowing from Bank - 2,00,000
Investments 30,00,000 -
Premises 12,00,000 -
Cash In Hand 60,000 -
Cash in Bank 28,00,000 -
Money at call and short Notice 3,00,000 -
Interest accrued and Paid 2,00,000 -
Salaries 80,000 -
Rent 30,000 -
Profit and Loss account (1-04-2013) - 1,60,000
Net profit for the year - 4,50,000
Bill discounted 5,00,000 -
Bill Payable - 8,00,000
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TYBAF Final Account of Banking Company Financial Accounting -6
Loans , Advances, Overdraft and Cash Credits 70,00,000 -
Unclaimed Dividend - 30,000
Sundry Creditors - 30,000
1,51,70,000 1,51,70,000
The bank has the Bill for Rs.14, 00,000 as Collection for its Constituents and also acceptances and
Endorsement for them amounting to Rs. 4, 00,000.
Q.7. From the following, you are required to prepare the profit and loss account and balance sheet of
state bank as on 31-03-2020
Particulars DR. Rs. CR. Rs.
Issued Capital: (40,000 Shares of Rs.100 each) 40,00,000
Money at call and Short Notice 20,00,000 -
Reserve Fund - 20,00,000
Cash in Hand 18,00,000 -
Deposits - 37,00,000
Cash at Bank 22,00,000 -
Borrowing from RBI - 10,50,000
Investment in government Securities 13,00,000 -
Secured Loans 22,00,000 -
Cash Credits 10,50,000 -
Premises less Depreciation 8,50,000 -
Furniture less Depreciation 1,50,000 -
Rent paid 7,500
Interest and discounts - 15,00,000
Commission and Brokerage - 1,95,000
Interest paid on Deposits 4,50,000 -
Salary and Allowance 2,00,000 -
Interest paid on Borrowings 75,000 -
Audit fees 10,000 -
Directors Fees 12,000 -
Non- Banking Assets 1,00,000 -
Depreciation on Bank’s Property 19,500 -
Printing 12,000 -
Advertisement 1,000 -
Stationery 500 -
Postage and Telegrams 3,000 -
Other Expenses 4,500 -
Profit on sale of Investment - 5,000
Loss on sale of Investment 5,000 -
1,24,50,000 1,24,50,000
Additional Information:
1. Provide Rs.20, 000 for doubtful debts.
2. Provide Rs.25, 000 on bill discounted but not matured on 31st -03-2014.
3. Acceptance and endorsement on behalf of customer amounting to Rs.4,00,000
4. Provide Rs.40, 000 for taxes.
5. Transfer 25% of profit to statutory Reserve.
Q.8. From the following trial balance as on 31st March 2020 prepare final account Aliya Bank.
Trial Balance as on 31st March, 2020
Particulars DR. Rs. CR. Rs.
Paid up Capital 40,00,000
Profit and Loss account (1-04-2019) 4,00,000
Current Account 10,00,000
Fixed Deposit 20,00,000
Saving Bank Deposit 20,00,000
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TYBAF Final Account of Banking Company Financial Accounting -6
Directors Fees 1,00,000
Auditors Fees 10,000
Furniture 15,00,000
Commission and Exchange 5,000
Interest on Fixed deposits 3,40,000
Branch Adjustment (cr.) 7,350
Postage and Telegram 16,000
Printing and Stationery 46,000
Rent, Rates, Taxes and Premium 86,000
Provident Fund Contribution 40,000
Salaries 9,83,850
Interest and Discount 50,00,000
Stamp in Hand 500
Land and Building 80,00,000
Deposit with RBI 12,50,000
Cash Credit and Overdraft 6,70,000
Contingency reserve 2,00,000
Interest on saving Deposit 2,20,000
Statutory Reserve Fund 1,75,000
Legal Expenses 25,000
Cash in Hand 50,000
Deposit with Other Banks 3,50,000
Investment 10,00,000
Bill Discounted 6,00,000
Reserve Fund 8,00,000
Interest in Current Deposits 3,00,000
1,55,87,350 1,55,87,350
Additional Information:
1. The Authorised Capital of the Bank is Rs. 2,00,00,000 divided into 1,00,000 shares of Rs. 200
each.
2. Create Provision for taxation of Rs. 5,00,000
3. Depreciation to be provided on: Land and Building @ 10% p.a. and Furniture @ 20 % p.a.
4. Rebate on Bill discounted is Rs. 1,00,000.
5. Create Reserve for Doubtful Debt of Rs. 4,40,000.
6. Acceptance on behalf of customer is Rs. 3,00,000.
7. Transfer 20% of profit to Statutory Reserve.
Q.9. The following details are pertaining to Mahindra Bank Ltd as on 31st March, 2020. You are
required to prepare Profit and Loss account for the year ended 31st March 2020 and Balance sheet as
on that Date:
Particulars DR. Rs. CR. Rs.
Share Capital (Rs. 10 each) 70,00,000
Statutory Reserve 30,00,000
Loans, Cash credit and Overdraft 31,00,000
Premises 50,00,000
Furniture 10,70,000
Investment 20,00,000
Fixed Deposit 20,00,000
Saving Deposit 22,00,000
Current Deposit 5,00,000
Interest Expenses on Deposits 2,00,000
Salaries and Allowances 2,40,000
Other General Expenses 20,000
Rent and Rates 80,000
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TYBAF Final Account of Banking Company Financial Accounting -6
Directors Fees 2,20,000
Reserve Fund 10,00,000
Interest and Discount Earned 15,50,000
Printing and Stationery 80,000
Bills Purchased and Discounted 30,20,000
Interim Dividend 1,20,000
Investment in Shares 80,000
Cash in Hand 2,00,000
Cash with RBI 8,20,000
Money at call Short Notice 11,50,000
Borrowings from Banks 1,50,000
1,74,00,000 1,74,00,000
Additional Information:
1. The Authorised Capital of the Bank is Rs. 80,00,000 of Rs. 10 each.
2. Create Provision for taxation of Rs. 1,00,000
3. Unexpired Discount amounted is Rs. 1,00,000.
4. Acceptance on behalf of customer is Rs. 11,00,000.
5. Transfer 25% of profit to Statutory Reserve.
Q.10. From the following balance Sheet of Laxmi Bank Ltd. on 31st March, 2020 Prepare Profit and
Loss account and Balance sheet as on that date.
Particulars DR. Rs. CR. Rs.
Equity share capital of Rs. 100 each Rs. 50 paid up 4,00,000
Profit and Loss account (1-04-2019) 1,60,000
Current Deposit Account 13,64,000
Fixed Deposit Account 15,60,000
Saving Bank Deposit 10,26,000
Directors Fees 18,000
Auditors Fees 4,000
Furniture (Cost Rs. 4,00,000) 3,48,000
Interest and Discount Received 8,40,000
Commission and Exchange 4,00,000
Reserve Fund 1,40,000
Printing and Stationery 16,000
Rent, Rates, Taxes and Premium 30,000
Salaries 2,80,000
Land and Building (Cost Rs. 12,00,000) 9,00,000
Law Charges 6,000
Cash in hand 60,000
Cash with RBI 14,00,000
Cash with Other Bank 12,98,000
Investment at Cost 4,80,000
Loans, Cash Credit and Overdraft 12,00,000
Bills Discounted and Purchased 5,60,000
Interest Paid 6,00,000
Borrowings from Saraswati Bank 8,00,000
Branch Adjustment Account 5,10,000
1,55,87,350 1,55,87,350
Additional Information:
1. Provide Depreciation on Building @ 5% and Furniture 15% on cost.
2. Rebate on Bill discounted is Rs. 1,00,000.
3. Acceptance on behalf of customer is Rs. 12,00,000.
Provide Rs.16,000 for Bad and Doubtful Debts.

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