Question

From the following particulars, prepare the profit and loss

account of Govind Bank Ltd for 1991

Rs.

Interest on loans 34,900

Interest on fixed deposits 36,500

Rebate on bills discounted 4,800

Commission charged on customers 910

Office expenses 15,500

Discount on bills discounted 19,400

Interest on cash credit 22,400

Amount charged against current accounts 1,200

Rent and taxes 1,800

Interest on overdrafts 12,800

Director's remuneration 420

Interest on saving deposit accounts 6,900

Postal expenses 150

Printing and stationery 390

Others expenses 180​

Answer 1

Explanation:

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Answer 2

Answer:

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