Q: From the following particulars, prepare the Profit and Loss Account of Bank of Community, for the year ended 31st March 2021? Items Commission charged Discount on bills discounted Audit Fee Establishment expenses Printing and Stationery Interest on fixed deposits Amounts 100,000 176,000 10,000 30,000 7,000 500,000 150 000

Q: From the following particulars, prepare the Profit and Loss Account of Bank of Community, for the year ended 31st March 2021? Items Commission charged Discount on bills discounted Audit Fee Establishment expenses Printing and Stationery Interest on fixed deposits Amounts 100,000 176,000 10,000 30,000 7,000 500,000 150 000

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter6: Cash And Receivables

Section: Chapter Questions

Problem 13GI

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