Question

Differentiate between CRR and SLR. 6. From the following information prepare Profit and Loss Account of Thrifty Bank for the year ended 31st March, 2016 : Rs. (000) Rs. (000) Interest on loans 2590 Interest on overdrafts 1540 Interest on Fixed Deposits 3170 Director's fees, allowances 30 and expenses Commission 82 Auditor's fees and expenses 12 Payment to employees 540 Interest on saving bank 680 deposits Discount on bill discounted 1060 Postage, telegram and 14 telephones Interest on cash credits 2230 Printing and stationery 29 Rent, taxes and lighting 180 Sundry charges 17 Additional information: (1) Provide for commission Rs. 2,00,000 (2) Transfer Rs. 15,57,000 to Reserve Fund (3) Transfer Rs. 2,00,000 to Central Government.​

Answer 1

Explanation:

Hope it helps u.. Refers the attachment