Question

From the following information relating to Andhra Bank Ltd.,
prepare the Profit and Loss account for the year ending 31st
March 2008.
Rs. Rs.
Rent received 72,000 Salaries and allowances 2,18,800
Exchange and commission 32,800 Postage 5,600
Interest on Fixed Deposits 6,00,000 Sundry expenses 4,000
Interest on Saving Bank A/c 1,72,000 Director’s & Auditor’s Fees 16,000
Interest on Overdrafts 2,16,000 Printing 8,000
Discount on bills discounted 2,80,000 Law charges 3,600
Interest on current accounts 1,68,000 Locker rent 1,400
Interest on cash credits 3,92,000 Transfer fees 2,800
Depreciation on bank property 20,000 Interest on loans 6,36,000

Answer 1

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Answer 2

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