The following balances stood in the books of Aryian Bank as on 31/12/2020 after preparing the Income statement. Particulars Share capital Reserve fund Fixed deposits Savings bank deposits Current account Money at call and short notice Investments Profit and loss 1/1/2020 Dividend for the year Premises Cash in hand Cash with CBO Cash with other banks Bills discounted and purchased Loans, cash credits and overdrafts Bills payable Unclaimed dividend Rebate on bills discounted |Short loans (borrowings from other banks) 4,750 Furniture Other assets Net profit for 31/12/2020 Prepare Balance sheet of the bank as on 31/12/2020 OMR 4,000 6,200 42,600 19,000 23,200 1,800 25,000 1,350 400 2,950 380 10,000 6,000 3,800 51,000 70 60 50 1,164 336 1,550
The following balances stood in the books of Aryian Bank as on 31/12/2020 after preparing the Income statement. Particulars Share capital Reserve fund Fixed deposits Savings bank deposits Current account Money at call and short notice Investments Profit and loss 1/1/2020 Dividend for the year Premises Cash in hand Cash with CBO Cash with other banks Bills discounted and purchased Loans, cash credits and overdrafts Bills payable Unclaimed dividend Rebate on bills discounted |Short loans (borrowings from other banks) 4,750 Furniture Other assets Net profit for 31/12/2020 Prepare Balance sheet of the bank as on 31/12/2020 OMR 4,000 6,200 42,600 19,000 23,200 1,800 25,000 1,350 400 2,950 380 10,000 6,000 3,800 51,000 70 60 50 1,164 336 1,550
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text:The following balances stood in the books of Aryian Bank as on 31/12/2020 after
preparing the Income statement.
| Particulars
Share capital
Reserve fund
Fixed deposits
Savings bank deposits
Current account
Money at call and short notice
Investments
Profit and loss 1/1/2020
Dividend for the year
Premises
Cash in hand
Cash with CBO
Cash with other banks
Bills discounted and purchased
Loans, cash credits and overdrafts
Bills payable
Unclaimed dividend
Rebate on bills discounted
Short loans (borrowings from other banks) | 4,750
Furniture
Other assets
Net profit for 31/12/2020
Prepare Balance sheet of the bank as on 31/12/2020
OMR
4,000
6,200
42,600
19,000
23,200
1,800
25,000
1,350
400
2,950
380
10,000
6,000
3,800
51,000
70
60
50
1,164
336
1,550
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