The following is the trail balance of Gulf Bank at 31/12/2022,Name of theaccountNo123456789101112131415161718192021Cash and thebalances at thecentral bankOther operatingexpensesTreasury billsPlacement with thebank and otherfinancialinstitutionsLoan and advancesInvestmentssecuritiesInvestment inassociates.Interest receivableand other assetsProperty andequipmentGoodwill and otherintangible assetsDue to the banksand other financialinstitutionsBorrowing underrepurchaseagreementsCustomer depositsShare capitalShare premiumInterest incomeInterest expensesNet fees andcommission incomeOther incomeStaff expensesDepreciation,amortization, andequipmentexpensesTOTALDebitBD millions343.711.2468.72952975.51258.62593.58545.537.838.5255703CreditBD millions6501203284.21418.711.4173.324.820.65703Requirements:Prepare the income statement and balance sheet of Gulf Bank on31/12/2022?

Financial Statements : These are the statement where all expenses, incomes, assets and liabilities…

Answered: No 1 Name of the account Cash and the…

Business

Accounting

No 1 Name of the account Cash and the balances at the central bank Debit BD millions 343.7 Credit BD million:

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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