Question

Give specimen of banks balance sheet on the basis of imaginary figures according to banking companies act

Answer 1

Answer:

➡️Balance Sheet of a Bank⬅️

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The balance sheet of the bank is different from the balance sheet of the company and it is prepared only by the banks according to the mandate by the Bank’s Regulatory Authorities in order to reflect the tradeoff between the profit of the bank and its risk and its financial health.

Balance Sheet for banks is different from other sectors and companies. There are several characteristics of the bank’s financial statement that highlight how banks balance sheets and income statements are created. Sales are not measured by ratios like sales turnover and receivables turnover. Once investors are comfortable with the terminology and are able to grasp the statements, it becomes very easy for them, to analyze the trends and understand the statements

Banks Balance Sheet Example

Below is the example of Consolidated balance sheet of Goldman Sachs for the year 2017 and 2016 from their Annual 10K