Question

From the following information, prepare a Balance Sheet of Union Bank Ltd. As on 31st

March 2020 giving the relevant schedules.

PARTICULARS AMOUNT

(DR)

AMOUNT

(CR)

Share Capital (19,80,000 Shares of Rs.10 each) 1,98,00,000

Statutory Reserve 2,68,50,000

Profit & Loss Account 5,24,50,000

Fixed Deposit Account 5,17,00,000

Saving Deposit Account 4,50,00,000

Current Accounts 28,00,000 5,20,12,000

Bills Payable 10,000

Cash Credits 8,12,10,000

Borrowings from other Banks 1,10,00,000

Cash on Hand 1,60,15,000

Cash with RBI 44,61,000

Cash with other Banks 1,49,14,000

Money at call 2,10,12,000

Gold 55,23,000

Government Securities 1,10,17,000

Premises 1,55,70,000

Furniture 70,12,000

Term Loan 7,92,88,000

25,88,22,000 25,88,22,000

Additional information:

1. Bills for Collection Rs. 18,10,000/-

2. Acceptances and Endorsement Rs. 14,12,000/-

3. Claims against the bank not acknowledged as debt Rs. 55,000/-

4. Depreciation Charge- Premises Rs. 1,10,000/-

Furniture Rs 78,000/-

5. 50% of the Term Loan are secured by Government Guarantees. 10% of the cash credit

is unsecured.​

Answer 1

Answer:

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